Name

Texas Semiconductor Innovation Fund

Legal name

Texas Semiconductor Innovation Fund

Website

https://gov.texas.gov

Company type

Private

Founded year

2023

Operating status

Operating

Ownership category

akta.pro rank

Product category

Government Economic Development Grants

NAICS

Semiconductor and Related Device Manufacturing (334413)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Corporate Foundations & CSR Grantmaking (BPAGAKAC)

Keywords

• Semiconductor grants
• State economic development
• Texas CHIPS Act
• Chip manufacturing incentives
• Semiconductor innovation funding

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Distribution channels1 record

Marketing channels1 record

Core offering

The Texas Semiconductor Innovation Fund (TSIF) is a state government grant program established under the Texas CHIPS Act of 2023 and administered by the Texas CHIPS Office within the Texas Economic Development & Tourism Office. It provides financial grants to semiconductor companies to support research, design, and manufacturing operations in Texas, with the goal of strengthening domestic semiconductor supply chains and supporting next-generation technologies including 2nm chip production.

Product overview

The Texas Semiconductor Innovation Fund (TSIF) is a single grant program administered by the Texas CHIPS Office (a division within the Texas Economic Development & Tourism Office in the Office of the Governor). It operates in conjunction with the Texas Semiconductor Innovation Consortium (TSIC) to provide financial incentives to semiconductor companies establishing or expanding operations in Texas. The program focuses on advancing semiconductor manufacturing, research, and design capabilities within the state.

Differentiator

Problem solved

Functional benefit

Products and services

• Texas Semiconductor Innovation Fund (TSIF) Grant Program A state government grant program established under the Texas CHIPS Act of 2023 that provides financial grants to semiconductor companies establishing or expanding operations in Texas to support research, design, and manufacturing, including next-generation technologies such as 2nm chip production. Grants are administered by the Texas CHIPS Office within the Texas Economic Development & Tourism Office in the Office of the Governor.

Quantifiable outcome

• 287 new jobs created through single grant to Quantum Global Technologies
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Texas CHIPS OfficecoreOthersThe Texas CHIPS Office, a division within the Texas Economic Development & Tourism Office in the Office of the Governor, administers the Texas Semiconductor Innovation Fund (TSIF) and Texas Semiconductor Innovation Consortium (TSIC) programs.
• Texas Economic Development & Tourism OfficecoreOthersParent organization of the Texas CHIPS Office. The office is located within the Office of the Governor and administers semiconductor-related economic development programs.
• Texas Semiconductor Innovation Consortium (TSIC)coreStrategic or Co-development PartnerEstablished alongside TSIF under the Texas CHIPS Act to support semiconductor research, design, and manufacturing in Texas. Works in conjunction with TSIF grants to maintain Texas' leadership in semiconductor manufacturing.
• Quantum Global Technologies, LLC (QGT)minorOthersGrant recipient of $3,074,255 TSIF grant for new semiconductor services facility in Austin. Subsidiary of Ultra Clean Holdings, Inc. Facility will service semiconductor fabrication chamber tool sets used in 2nm chip production.
• Ultra Clean Holdings, Inc.minorOthersParent company of Quantum Global Technologies, LLC. QGT will become Ultra Clean's first location in North America equipped to service semiconductor fabrication chamber tool sets used in production of 2nm chips.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Others

• SEMI (Semiconductor Equipment and Materials International): Global semiconductor manufacturing industry association representing equipment and materials suppliers — the same ecosystem TSIF targets via grants to chamber-services and tooling companies like QGT.
• Texas Instruments: Major incumbent semiconductor manufacturer headquartered in Dallas with significant Texas fab footprint. Potential TSIF applicant and ecosystem anchor; comparable in being a major Texas-headquartered semiconductor beneficiary of state industrial policy.
• Samsung Austin Semiconductor: Samsung's advanced foundry operations in Austin, Texas, including 2nm-capable production planning. Key potential indirect beneficiary of TSIF-funded service ecosystem and the largest existing advanced-node presence in the state.

Broad incumbents

• CHIPS for America (U.S. Department of Commerce): The federal $52.7B CHIPS and Science Act semiconductor incentive program administered by the Department of Commerce. The umbrella national program under which state-level efforts like TSIF are structured and co-funded.

Direct peers

• JobsOhio (Intel Microchip Incentive): Ohio's private nonprofit economic development corporation that structured the state's incentive package for Intel's $20B fab complex. Functions as Ohio's grant/incentive administrator for semiconductor investment, directly parallel to TSIF.
• Arizona Commerce Authority (Semiconductor Programs): Arizona's state economic development agency administering semiconductor incentive packages (e.g., for TSMC and Intel expansions). Comparable mission of attracting and funding semiconductor manufacturing within state borders through grants and tax credits.
• New York State Green CHIPS Program: New York's state semiconductor manufacturing incentive program created under the NY Green CHIPS Act, providing grants and tax credits to attract fab investment. Most direct functional peer to TSIF as a state-level semiconductor grant vehicle.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Texas Semiconductor Innovation Fund