Grant from Texas Semiconductor Innovation Fund
Will Support Wireless R&D, Securing Texas' Leadership in
Next-Gen Technology
AUSTIN,
Texas, Feb. 19, 2025 /PRNewswire/ -- Silicon Labs
(NASDAQ: SLAB), a leader in secure, intelligent wireless technology
for a more connected world, today announced the award of a
$23 million grant from
the Texas Semiconductor Innovation Fund (TSIF) established
by the Texas CHIPS Act. The TSIF investment will support a
new research and development (R&D) laboratory in
Austin, helping to create and
sustain local jobs and reinforce Silicon Labs' dedication to
preserving Central Texas' status
as a premier technology hub.
"As a Texas-born company and
global IoT wireless leader, Silicon Labs is committed to driving
innovation, fostering economic growth, and developing a talented
workforce in the state," said Silicon Labs President and CEO
Matt Johnson. "The Texas CHIPS Act
funding will empower us to accelerate wireless chip design, create
transformative technologies, and strengthen Texas' leadership in the semiconductor
industry."
This investment will allow the company to accelerate its
innovation roadmap, particularly around the build-out and design of
Silicon Labs' Series 3 technology, an advanced wireless platform
that makes devices smarter and more connected than ever before.
Additionally, it solidifies Texas as a leader in chip design,
strengthening its position at the forefront of advancements in the
semiconductor sector.
"It is an honor to receive this grant from the
Texas government and to be able to
further amplify innovation and progress in our home state,"
continued Johnson. "Silicon Labs is proud to stand alongside
the State of Texas and other
business leaders in creating opportunities and jobs for the
Texas community."
Learn more about Silicon Labs' Series 3 platform here.
About Silicon Labs
Silicon Labs is a trailblazer in wireless connectivity for the
Internet of Things. Its integrated hardware and software platform,
intuitive development tools, and unmatched ecosystem support make
Silicon Labs the ideal long-term partner in building advanced
industrial, commercial, and home and life applications. Silicon
Labs leads the industry in high performance, low power, and
security with support for the broadest set of multi-protocol
solutions.
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SOURCE Silicon Labs
