Governor Abbott Announces Texas Semiconductor Innovation Fund Grant to Arm Inc.

~ In a recent announcement, Governor Greg Abbott revealed that Arm Inc. has been granted $4,162,550 from the Texas Semiconductor Innovation Fund (TSIF) to expand their Austin campus. This expansion will include a new semiconductor lab with failure analysis capabilities and is expected to create over 320 jobs. The total capital investment for this project is estimated to be more than $71 million.

Governor Abbott expressed his excitement about the expansion, stating that "Texas is where the world innovates." He believes that this investment will not only create skilled jobs but also enhance Texas' leadership in semiconductor design and manufacturing. He also emphasized the state's commitment to investing in future technology advancements by partnering with industry leaders.

Arm Inc., a global technology company based in the U.K., specializes in designing low-power, high-performance processor architectures such as CPUs, GPUs, and NPUs. Their Austin operation plays a crucial role in designing advanced processors for mobile, cloud, and data center applications.

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Arm CEO Rene Haas also shared his enthusiasm for the expansion, stating that Austin is their largest U.S. site and a rapidly growing center for advanced chip design. He believes that this investment from the Governor's Office will accelerate their momentum and strengthen Texas' position as a global leader in semiconductors. Haas also mentioned that this expansion will create hundreds of new roles and contribute to building the future of compute and AI in the U.S.

Senator Sarah Eckhardt expressed her excitement about global companies choosing Texas as an appealing destination for investment. She believes that companies like Arm Inc. are attracted to Texas because of its talented workforce and emphasized the importance of keeping this talent pool open for anyone who wants to contribute to building the state's future.

Representative Donna Howard highlighted Austin's focus on transforming into a technology and innovation hub over the years. She believes that this grant will further drive growth in the region by creating jobs and spurring capital investment. Howard also emphasized the positive impact this growth will have on both Austin and Texas as a whole.

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The Texas CHIPS Act, signed into law by Governor Abbott in 2023, established the Texas Semiconductor Innovation Fund (TSIF) and the Texas Semiconductor Innovation Consortium (TSIC). These programs, administered by the Texas CHIPS Office, aim to maintain Texas' position as a leader in semiconductor research, design, and manufacturing. They also encourage companies to expand in the state and develop the expertise of higher education institutions.

With this latest investment in Arm Inc., it is clear that Texas remains committed to fostering innovation and growth in the semiconductor industry. This expansion will not only create jobs but also solidify the state's position as a global leader in technology advancements.

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