Texas CHIPS Act Awards Silicon Labs $23 Million to Expand R&D Advancements in Austin
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Silicon Labs has been awarded a $23 million grant from the Texas Semiconductor Innovation Fund to expand its R&D in Austin, Texas. This investment will support the development of wireless technology and reinforce the region's status as a technology hub.
February 19, 2025 | 10:00 pm
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Silicon Labs has secured a $23 million grant from the Texas Semiconductor Innovation Fund to enhance its R&D capabilities in Austin, Texas. This funding will support the development of wireless technology and help maintain the region's status as a tech hub.
The $23 million grant will enable Silicon Labs to expand its R&D efforts, likely leading to advancements in wireless technology. This could enhance the company's product offerings and market position, positively impacting its stock price.
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