Governor Greg Abbott has announced that LTD Material LLC will receive a grant of over $1 million from the Texas Semiconductor Innovation Fund (TSIF). The funding supports the construction of an 88,000-square-foot manufacturing and research facility in Austin. This expansion is expected to create 40 jobs and involves more than $25 million in capital investment.
“Texas leads America’s resurgence in semiconductor manufacturing,” said Governor Abbott. “With this $25 million capital investment, LTD Material is helping to expand an already robust supply chain that is essential to the growing semiconductor manufacturing ecosystem in Texas. In partnership with industry leaders, Texas will accelerate domestic semiconductor manufacturing and reduce reliance on foreign supply chains to meet our nation’s technology demands of tomorrow.”
The new facility will be built next to LTD Material’s current plant and focus on producing high-purity quartz parts needed for wafer fabrication and semiconductor manufacturing. The company plans to provide specialized training for CNC machinists and glass blowers, offering technical roles that do not require a college degree.
“The TSIF grant allows LTD Material to meet the surging demand from U.S. semiconductor foundries while reducing dependence on foreign quartz suppliers, a key strategy to the government’s focus on strengthening overall national security,” said Kevin Nguyen, CEO of LTD Material. “Since the beginning, LTD Material chose the state of Texas for its headquarters exactly due to this type of civil leadership in innovation, workforce development, and economic competitiveness.”
Senator Sarah Eckhardt commented on the project’s local impact: “Austin is the beating heart of our state’s semiconductor industry. I’m excited for the many good jobs this project will create locally and sustain for years to come. This investment will help us effectively meet the needs of our growing community and bolster our state’s position as a leader on the frontier of America’s technological future.”
Governor Abbott signed the Texas CHIPS Act into law in 2023. The act created TSIF as part of broader efforts by the Texas CHIPS Office within the Texas Economic Development & Tourism Office. These initiatives are designed to support research, design, and manufacturing related to semiconductors; encourage company expansions; develop expertise at higher education institutions; and maintain Texas’ leading role in U.S. semiconductor production.
