Governor Greg Abbott has announced that Arm Inc. will receive a Texas Semiconductor Innovation Fund (TSIF) grant of $4,162,550 to support the expansion of its Austin campus. The funding will help establish a new semiconductor lab equipped with failure analysis capabilities. This project is expected to generate more than 320 jobs and involve over $71 million in capital investment.
“Texas is where the world innovates,” said Governor Abbott. “This $71 million expansion of Arm’s engineering and innovation hub in Austin will create hundreds of skilled jobs and enhance Texas’ leadership in semiconductor design and manufacturing. Partnering with industry leaders, Texas is investing in the tech advances of tomorrow – today.”
Arm Inc., based in the United Kingdom, specializes in designing low-power, high-performance processor architectures such as CPUs, GPUs, and NPUs. The company’s Austin operation plays a key role in developing advanced processors for mobile devices, cloud computing, and data centers.
“Austin is home to Arm’s largest U.S. site and is a rapidly growing center for advanced chip design,” said Arm CEO Rene Haas. “This investment from the Governor’s Office accelerates that momentum and strengthens Texas’ position as a global semiconductor leader. We’re expanding our labs, strengthening our capabilities, and creating hundreds of new roles — building the future of compute and AI in the U.S. and developing the next generation of semiconductor talent.”
Senator Sarah Eckhardt commented on the decision: “I’m excited that global companies view Texas as an appealing destination for continued investment. Companies like Arm Inc. don’t make big investments in Texas just because they like the weather or get hooked on the BBQ. They come because we attract talent here that you simply can’t find anywhere else in the world. We can keep it that way by holding the door open to anyone who wants to lend their brilliant minds and skilled hands to building our future. Arm’s latest investment expands an essential workforce in our state and brings new neighbors who add to the vibrancy of Central Texas, so important to our ongoing prosperity.”
Representative Donna Howard also addressed how this move supports regional development: “For decades, Austin has invested and focused on transforming our region into a technology and innovation hub. As a result, our community is driving the industry forward; this grant will build upon this mission by creating jobs and will spur continued capital investment in our region. This growth is not only good for Austin, but it is also good for Texas. I look forward to working with my colleagues to ensure we continue to invest in programs that will provide economic benefits at the local, regional, and state levels.”
Governor Abbott signed the Texas CHIPS Act into law in 2023 to establish TSIF as part of efforts aimed at maintaining Texas’ leadership position within semiconductor research, design, and manufacturing industries.
The Office of Texas Governor Greg Abbott has contributed significantly toward job growth statewide while focusing on economic opportunities across sectors including technology according to its official website https://gov.texas.gov/. The office maintains primary operations out of Austin at the State Insurance Building while providing services throughout Texas (https://gov.texas.gov/). Greg Abbott was first elected governor in 2014 (https://gov.texas.gov/) and has since been recognized among TIME’s 100 Most Influential People list for 2024 (https://gov.texas.gov/).
The TSIF program—administered through divisions within both Economic Development & Tourism Office as well as under oversight from entities such as TSIC—seeks not only corporate expansion but also further development within higher education institutions across Texas.
