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Quartz and ceramic component manufacturer LTD Material LLC was awarded $1 million in state semiconductor investment funds to support its $25 million expansion in Austin, Gov. Greg Abbott announced Jan. 29.
LTD Material has two locations in the city, and in 2023 broke ground on a new 88,000-square-foot manufacturing and research facility next to its existing fabrication plant. The site will increase the company's capacity to produce high-purity quartz parts deemed "essential" for semiconductor manufacturing and wafer fabrication, according to Abbott's office, and create 40 jobs.
The $1 million award is provided through the Texas Semiconductor Innovation Fund, or TSIF, established under the 2023 Texas CHIPS Act enacted to incentivize semiconductor research and manufacturing statewide.
The LTD Material expansion is the latest TSIF recipient in Central Texas, where millions of dollars have been directed under the state CHIPS Act since 2023. This month, other regional semiconductor grant awards included a Round Rock component manufacturer and Williamson County technician training center.
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