Texas Semiconductor Innovation Fund (TSIF)
The Texas Semiconductor Innovation Fund (TSIF) is a new incentive program to encourage the continued leadership of Texas in semiconductor research, design and manufacturing. The TSIF was established in June 2023 when Governor Abbott signed into law the Texas CHIPS Act (House Bill 5174) which established the TSIF as well as the Texas Semiconductor Innovation Consortium (TSIC). The Texas legislature appropriated $698.3 million to the TSIF.
The TSIF will provide grants to state entities and institutions of higher education for semiconductor manufacturing and design projects; and award grants to business entities with an established presence within the state of Texas to encourage economic development related to semiconductor manufacturing and design.
Who Can Apply?
State entities, including institutions of higher education, and private business entities planning new or expanded semiconductor manufacturing and design projects.
Type of Incentive
The TSIF will provide grants and matching funds to eligible entities for semiconductor research, manufacturing and design projects.
Business Grant Eligibility Details
Businesses must have an established presence in Texas and be positioned to create jobs, undertake significant capital investment, and meet or exceed the average county wage in the county in which the project would be located during the full term of the grant agreement.
The project must be supported by local officials of the city, county and/or school district in which the project would be located, particularly in the form of local economic incentive offers.
Application coming soon.