Governor Greg Abbott announced that a Texas Semiconductor Innovation Fund (TSIF) grant of $4,162,550 has been extended to Arm Inc. for an expansion of their Austin campus to include a new semiconductor lab with failure analysis capabilities. The expansion is expected to create more than 320 jobs and represents more than $71 million in capital investment.<\/p>\n
\u201cTexas is where the world innovates,\u201d said Governor Abbott. \u201cThis $71 million expansion of Arm\u2019s engineering and innovation hub in Austin will create hundreds of skilled jobs and enhance Texas\u2019 leadership in semiconductor design and manufacturing. Partnering with industry leaders, Texas is investing in the tech advances of tomorrow \u2013 today.\u201d<\/p>\n
Arm, a U.K.-based global technology company, specializes in designing low-power, high-performance processor architectures including central processing units (CPUs), graphics processing units (GPUs), and neural processing units (NPUs). Arm\u2019s Austin operation is central to designing advanced processors for mobile, cloud, and data center applications.<\/p>\n
\u201cAustin is home to Arm\u2019s largest U.S. site and is a rapidly growing center for advanced chip design,\u201d said Arm CEO Rene Haas. \u201cThis investment from the Governor\u2019s Office accelerates that momentum and strengthens Texas\u2019 position as a global semiconductor leader. We\u2019re expanding our labs, strengthening our capabilities, and creating hundreds of new roles \u2014 building the future of compute and AI in the U.S. and developing the next generation of semiconductor talent.\u201d<\/p>\n
\u201cI\u2019m excited that global companies view Texas as an appealing destination for continued investment,\u201d said Senator Sarah Eckhardt. \u201cCompanies like Arm Inc. don\u2019t make big investments in Texas just because they like the weather or get hooked on the BBQ. They come because we attract talent here that you simply can\u2019t find anywhere else in the world. We can keep it that way by holding the door open to anyone who wants to lend their brilliant minds and skilled hands to building our future. Arm\u2019s latest investment expands an essential workforce in our state and brings new neighbors who add to the vibrancy of Central Texas, so important to our ongoing prosperity.\u201d<\/p>\n
\u201cFor decades, Austin has invested and focused on transforming our region into a technology and innovation hub,\u201d said Representative Donna Howard. \u201cAs a result, our community is driving the industry forward; this grant will build upon this mission by creating jobs and will spur continued capital investment in our region. This growth is not only good for Austin, but it is also good for Texas. I look forward to working with my colleagues to ensure we continue to invest in programs that will provide economic benefits at the local, regional, and state levels.\u201d<\/p>\n
Governor Abbott signed the Texas CHIPS Act into law in 2023 to establish the Texas Semiconductor Innovation Fund (TSIF), a grant program to continue Texas\u2019 leadership in semiconductor research, design, and manufacturing, as well as the Texas Semiconductor Innovation Consortium (TSIC). These programs, administered by the Texas CHIPS Office, a division within the Texas Economic Development & Tourism Office in the Office of the Governor, are designed to leverage Texas\u2019 investments in the semiconductor industry, encourage semiconductor-related companies to expand in the state, further develop the expertise and capacity of Texas institutions of higher education, and maintain the state\u2019s position as the nation\u2019s leader in semiconductor manufacturing.<\/p>\n
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