A consortium consisting of entities from Texas and Oklahoma is vying for federal funding to establish a semiconductor tech hub in the region. With 31 tech hubs recently designated across the United States by the Department of Commerce, Texoma has secured its spot among the selected few. Now, the Texoma Semiconductor Tech Hub Consortium is entering phase 2 of their endeavor, seeking a grant of 50 to 75 million dollars from the U.S. Economic Development Administration.
The consortium aims to demonstrate the capacity of the region to execute this project while highlighting the gaps that exist and the challenges that need to be overcome. Suku Nair, Vice Provost for Research and Chief Innovation Officer at SMU, emphasized the importance of showing why this funding is necessary for the proposed initiatives.
In a meeting held on Monday, the leaders from various organizations in North Texas and Southern Oklahoma crafted six distinct proposals detailing the utilization of funds and their allocation. The funding would not only support the acquisition of machinery and equipment but also contribute to workforce training programs at different levels, including high schools, community colleges, and universities.
The imminent construction of TI and Global Wafers plants in the region has bolstered the confidence of local leaders in the potential of the semiconductor industry. They believe that receiving the federal funding would enhance the productivity and competitiveness of the local semiconductor sector.
The Texoma Semiconductor Tech Hub Consortium is eagerly anticipating a positive response in their quest for federal funding. If successful, this investment could pave the way for technological advancements and economic growth in the region, solidifying its position as a key player in the semiconductor industry.
The source of the article is from the blog aovotice.cz