Silicon Labs secures $23M grant for Austin R&D expansion

Texas Governor Greg Abbott has awarded a $23.25 million grant to Austin-based Silicon Labs from the Texas Semiconductor Innovation Fund, part of the state's Texas CHIPS Act. This funding will facilitate the construction of a new research and development lab focused on next-generation IoT wireless technology and artificial intelligence integration, with an expected capital investment exceeding $80 million. Silicon Labs, a leader in semiconductor design and development, aims to leverage this investment to enhance innovation and job creation in the region. Abbott emphasized that this initiative will further solidify Texas' leadership in the semiconductor industry and technological advancements. The grant marks a significant step in expanding Texas' semiconductor ecosystem, which is vital for maintaining competitiveness in the global market. Silicon Labs' President and CEO, Matt Johnson, highlighted the company's commitment to driving economic growth and innovation in Texas.