Titan Equipment, a company that makes gaming equipment for video game consoles and computers, announced a $100-million investment in its newest technology.
The investment is part of a larger $2.4-billion investment in the company’s new video game software and technology.
Titan said it is also planning to use the money to build an automated manufacturing facility in Texas, which is one of the biggest manufacturing hubs for video games.
The company also plans to move its U.S. manufacturing headquarters from Los Angeles to Texas.
“The video game industry is the fastest-growing in the world, and Titan’s investments in manufacturing, research and development will allow us to deliver our products at scale faster and at lower cost,” David Furlong, Titan’s CEO and co-founder, said in a statement.
“We are building the world’s first truly automated factory that can produce high-quality video game products with a single click.”
The investment will also help Titan move to a new manufacturing facility, which it said would be “a more reliable, cost-effective facility with more capacity, automation and better facilities and equipment.”