Latest news with #SemiconductorInnovationFund
Yahoo
23-05-2025
- Business
- Yahoo
Gov. Greg Abbott awards $3.08M semiconductor grant to Tokyo Electron for R&D facility
Texas Gov. Greg Abbott awarded $3.08 million to Tokyo Electron U.S. Holdings, Inc. on Thursday as part of the state's Semiconductor Innovation Fund. Tokyo Electron U.S. Holdings, Inc. (TEL U.S.) is a subsidiary of global semiconductor equipment manufacturer Tokyo Electron Limited (TEL). The money will go toward TEL U.S.'s technical training and research and development (R&D) facility in Southeast Austin. That facility is expected to create over $30 million in capital investment, according to the announcement. 'Tokyo Electron's more than $30 million investment builds on our state's leadership in the semiconductor industry and will help bolster semiconductor-related job training to prepare thousands of Texans for better job and bigger paycheck opportunities," Abbott said in the announcement. TEL U.S. has had its North American headquarters in Austin for more than 30 years. The company sold its Southeast Austin campus in September 2023 and moved its headquarters to a new 15-story, office building at 401 S. First St. near Auditorium Shores at Town Lake Metropolitan Park, which opened last month. TEL U.S. is reportedly also looking into opening an office in Taylor, where Samsung Austin Semiconductor is currently building its multibillion-dollar semiconductor fab. Last year, TEL U.S. announced that it would move its training and R&D operations to a 100,000 square-foot warehouse located off of Southeast Austin's Metro Center Drive, a little over five miles from the company's headquarters. According to Abbott's Thursday announcement, the facility will train an estimated 2,200 employees per year using virtual and augmented reality training methods. 'TEL U.S. is honored to receive this funding from the Texas Semiconductor Innovation Fund to enhance our research and development efforts in the state we've called home for over 30 years,' said TEL U.S. executive vice president Rick Turner said. 'This grant is a testament to the State of Texas' commitment to leading the production of domestic semiconductor technology, and we look forward to the progress in our industry that funding like this will enable.' The Texas Semiconductor Innovation Fund was established through the Texas CHIPS Act, which Abbott signed in 2023. The fund aims to invest in semiconductor research, design and manufacturing in has previously awarded funding to Elon Musk's SpaceX, Austin-based Silicon Labs, Korean Dongjin Semichem, Intelligent Epitaxy Technology and KoMiCo Technology. This article originally appeared on Austin American-Statesman: Texas Gov. Abbott awards Tokyo Electron with semiconductor grant
Yahoo
20-02-2025
- Business
- Yahoo
Abbott awards Austin-based Silicon Labs awarded $23.25M in Texas CHIPS Act funding
Texas Gov. Greg Abbott awarded $23.25 million to Austin-based Silicon Labs on Wednesday as part of the state's Semiconductor Innovation Fund. According to Abbott's announcement, the funding will support the tech company's research and development operations in Austin and the construction of a new research lab to develop a platform for integrating artificial intelligence. The operations in Austin, the announcement said, is expected to create more than $80 million in capital investment. 'Innovation has no endpoint, but it always begins with an idea,' Abbott said in the announcement. 'Today, more of those ideas begin in Texas. Silicon Labs' $80 million investment to expand their research and development operations in Austin will further cement Texas' position as a trailblazer in technological advancement and keep Texas at the epicenter of the semiconductor industry.' More: CEO Q&A: Austin's Silicon Labs focused on Internet of Things, saw growth, record revenue Silicon Labs, one of the city's oldest technology firms, primarily designs semiconductors and other silicon devices, with a focus on wireless chips for Internet of Things (IoT) products. The IoT encompasses a wide range of non-computing devices, such as appliances, fitness trackers, voice assistants, and home security systems, that are connected to the Internet. 'Smart' devices typically fall into this category. 'As a Texas-born company, Silicon Labs is dedicated to leaving a lasting legacy by accelerating the state's role as a global technology leader,' Silicon Labs President & CEO Matt Johnson said. 'Texas CHIPS Act funding will propel Silicon Labs, a fabless semiconductor company, to push the boundaries of wireless chip design and R&D while fostering innovation, job creation, and economic growth.' The Texas Semiconductor Innovation Fund was established through the Texas CHIPS Act, which Abbott signed in 2023. The fund aims to invest in semiconductor research, design and manufacturing in Texas. This is the third allocation from the fund. Earlier this month, Abbott awarded $2.4 million to Korean Dongjin Semichem Texas, Inc., a specialty chemical and materials company with a facility in Killeen. Previously, in November, $4.12 million was awarded to Intelligent Epitaxy Technology for its new facility in Allen. This article originally appeared on Austin American-Statesman: Abbott awards Austin's Silicon Labs Texas CHIPS Act funding
