Texas Gov. Greg Abbott made the announcement Sept. 24.
“Yerico’s $13 million expansion of their semiconductor equipment refurbishment and repair facility in Elgin will help support the increased demand for chip production in Texas and around the world,” he said in a statement. “With significant investments from global technology and manufacturing leaders, Texas will continue to partner with industry innovators to ensure supply chain resilience and solidify our dominance in domestic semiconductor manufacturing.”
Some background
The TSIF grant was established after Abbott signed House Bill 5174, also known as the Texas CHIPS Act, into law in June 2023. The legislation aims to bring Texas to the forefront of semiconductor research, design and manufacturing.
“The expansion of Yerico Manufacturing is exactly what we envisioned when we passed the Texas CHIPS Act,” state Sen. Charles Schwertner said in a statement. “We are strengthening our state’s leadership in semiconductor manufacturing while creating high-paying jobs right here at home. This investment not only boosts Bastrop County’s economy, it reinforces Texas’ role in securing America’s technology supply chain.”
State Rep. Stan Gerdes, who represents Elgin and the surrounding communities, shared that sentiment, and emphasized that the $1.3 million grant should be a signal to the rest of the world.
“I applaud Yerico for its incredible progress and will continue to ensure our homegrown, Texas-based job creators and industry innovators have the necessary resources and business-friendly climate to thrive in our great state,” he said in a statement.
The details
The project—which will total 50,000 square feet via the construction of a new building and an addition to the existing building at 619 Mogonye Lane in Elgin—is expected to increase monthly production of semiconductor equipment.
“This expansion will lead to the creation of dozens of new, local jobs in Elgin, and will improve our U.S.-based technology allowing Yerico to advance as a global supplier,” Yerico Manufacturing CEO and President Ihn Hong Min said.
