Texas grants $3M to bring chip-tool services facility to Austin
What's the deal? Quantum Global TechnologiesDealroom has a profile for this one. Try Dealroom → will receive a $3,074,255 grant from the Texas Semiconductor Innovation Fund to build a new services facility in Austin.
The Pennsylvania-based company services equipment used to make computer chips. Its work includes high-purity parts cleaning, process tool part recoating, and micro contamination analysis.
The facility is expected to create 287 jobs and generate more than $43 million in investment.
Why now? Texas is positioning itself as a US semiconductor hub, and the grant supports a domestic supply chain for advanced chip manufacturing.
Once complete, the site will be the first location in North America for Quantum's parent company, California-based Ultra Clean HoldingsDealroom has a profile for this one. Try Dealroom →, equipped to service chamber tool sets used to make 2nm chips.
"Texas is the hub for semiconductor innovation," Governor Greg Abbott said in a news release. "This investment by QGT to expand its operations in Austin will create hundreds of high-skilled jobs and strengthen a critical domestic supply chain."
What could go wrong? The facility's exact location remains unclear, though Ultra Clean already operates a site on Parmer Lane in Manor, near Austin.
State Senator Sarah Eckhardt welcomed the move. "Central Texas continues to be a wellspring of opportunity, with quality, good-paying jobs on the cutting edge of innovation," she said.
The signal: States are racing to lure chip-supply-chain players with public money as the US works to bring advanced manufacturing onshore, and Texas's grant to early-stage Quantum Global Technologies is part of that push. The bet on 2nm-capable services signals where the market is headed: the next generation of chips, serviced closer to home.
Read more: Yahoo Finance
Image credit: IBM Research
