Arm Holdings to Create 320 Jobs in Texas with Semiconductor Innovation Fund Grant
Arm Holdings PLC plans to expand its Austin campus, creating over 320 jobs with a $4.162 million grant from the Texas Semiconductor Innovation Fund. The company will invest $71 million in the project, which includes a new lab for semiconductor failure analysis. Arm, majority-owned by SoftBank Group Corp., has operated in Austin since 1997 and employs around 800 people there. The Texas Semiconductor Innovation Fund, established in 2023, aims to boost chip research and manufacturing in the state.
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Arm Holdings PLC will create over 320 jobs in Austin, Texas, supported by a $4.162 million grant from the Texas Semiconductor Innovation Fund. The company plans to invest $71 million in expanding its Austin campus, including a new lab for semiconductor failure analysis.
Arm has been in Austin since 1997 and is now its largest U.S. site, employing about 800 people. The Texas Semiconductor Innovation Fund, established in 2023, aims to advance chip research and manufacturing, having allocated $948 million since its inception to various companies and institutions.
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