South Korea-based Soulbrain, a chemical and materials manufacturer in the semiconductor industry, was awarded an $11.6 million grant through the Texas Semiconductor Innovation fund in June.
What you need to know
Texas Gov. Greg Abbott's office announced the award June 4, citing the company's recent move to open a manufacturing facility and U.S. headquarters in Taylor, near the future Samsung plant that is expected to come online later this year.
The facility is expected to bring 20 "high-skilled" jobs to the region, as well as $120 million in capital investment.
What they're saying
“We are grateful to Governor Abbott and the State of Texas for supporting Soulbrain through the Texas Semiconductor Innovation Fund,” Soulbrain President Jon Park said. “With this partnership, we will expand advanced materials capabilities in Texas, strengthen the domestic semiconductor ecosystem, and create high-value manufacturing and engineering opportunities for Texans.”
About the program
The grant is part of the Texas Semiconductor Innovation Fund, an incentive program to encourage semiconductor research, design and manufacturing in Texas.
The fund awards grants to state entities and higher educational institutions for manufacturing and design projects.
