# TEAL to invest Rs 220 crore in semiconductor fab equipment factory expansion

Titan Engineering and Automation Ltd. (TEAL), a subsidiary of Titan, will invest Rs 220 crore over five years to expand manufacturing of semiconductor wafer fabrication equipment at its facilities in Hosur, Tamil Nadu. The company expects production capacity to increase by 10 times.

- Type: Expansion
- Announced: 2023-12-14
- Where: Hosur, Tamil Nadu, India, India
- Value: $26.4M (2.20B INR)
- Starts operating: Dec 2024
- Status: announced
- Capacity: 10 times existing capacity
- Products: semiconductor wafer fabrication equipment
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Titan Engineering and Automation](https://endata.com/companies/74428.md)

## Sources

- [cablecommunity.com](https://cablecommunity.com/titans-subsidiary-teal-to-invest-in-semiconductor-fab-equipment-factory/), 2023-12-14: "We have invested Rs 30-40 crore already in setting up processing lines and a 1,000-class cleaning room."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.