DALLAS (SMU) – Texoma Semiconductor Tech Hub has won a $500,000 Accelerator Consortium Award from the Biden-Harris Administration through the U. S. Department of Commerce’s Economic Development Administration (EDA). The U. S. government has launched a U. S. government to continue executing its strategy to increase semiconductor production in North Texas. and southern Oklahoma.
The Consortium Accelerator Awards from the Tech Hubs program will enable the Texoma Semiconductor Tech Hub (TSTH), led by SMU, to continue building momentum to create a globally competitive regional industry in 29 countries through technological innovation, progression and marketing efforts.
“We are thrilled to accept this award from the EDA that advances the work of the Texoma Semiconductor Tech Hub,” said Suku Nair, vice president of research and chief innovation officer at SMU. “We continue to expand our consortium by adding new members, and this EDA shows that we are going in the right direction.
This is the second federal award given to TSTH, after receiving a $400,000 strategic progression grant when it was decided in October 2023 as one of the nation’s 31 tech hubs. The core of the Texoma plan is the implementation of FabletsTM laboratories geographically distributed in 8 networks. Schools and cell laboratories are seamlessly available for the design, manufacture, packaging, and testing of electronic product semiconductors.
“The Biden-Harris Administration is running to build world-class ecosystems across the country that will drive United States global leadership in the technologies of the future, catalyze smart job creation, and United States national and economic security,” the Deputy Secretary said. of Commerce said. Alejandra Y. Castillo These Consortium Accelerator Awards demonstrate the point of excellence that each nominee embodies and will allow Tech Hubs to not only maintain momentum, but also leverage its coveted designation to attract collaboration and more capital.
Tech Hubs program director Eric Smith was in North Texas on Monday for a field trip to the TSTH site, first meeting with the workforce and industry consortium members in and around the Sherman area, the booming semiconductor production site, and then heading to SMU for more roundtables.
The Tech Hubs program is a flagship initiative of the Biden-Harris administration’s Invest in America program, supporting regional efforts to increase production of critical technologies, such as semiconductors, quantum computing, autonomous systems, biotechnology, blank energy, critical minerals , court. Cutting-edge technologies. Complex materials and workmanship.
The Tech Hubs program was made legal through the bipartisan CHIPS and Science Act, which President Biden signed into law in August 2022. The law legalized $10 billion for the program over five years. To date, the EDA has earned $541 million for the program. When additional investments are available, EDA plans to invest in additional generation centers, helping to drive this cutting-edge program for decades to come. Learn more about the Tech Hubs program at TechHubs. gov.