Governor Greg Abbott announced that the first Texas Semiconductor Innovation Fund (TSIF) grant of $4,120,000 has been extended to Intelligent Epitaxy Technology, Inc. (“IntelliEPI”) for their new 30,000-square-foot wafer production facility in Allen, Texas, which is expected to create more than $41 million in capital investment and nearly triple the company’s annual wafer production. Governor Abbott signed into law the Texas CHIPS Act last year, establishing the TSIF as well as the Texas Semiconductor Innovation Consortium.
The Texas Semiconductor Innovation Fund (TSIF) is a new incentive program to encourage the continued leadership of Texas in semiconductor research, design, and manufacturing. The TSIF was established in June 2023 when Governor Abbott signed into law the Texas CHIPS Act (House Bill 5174), establishing the TSIF as well as the Texas Semiconductor Innovation Consortium. These programs, administered by the Texas CHIPS Office, a newly formed division within the Governor’s Economic Development & Tourism Office, are designed to leverage Texas’ 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’s position as the nation’s leader in semiconductor manufacturing.
