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Stock impact report

Texas CHIPS Act Awards Silicon Labs $23 Million to Expand R&D Advancements in Austin [Yahoo! Finance]

Silicon Laboratories, Inc. (SLAB) 
Last silicon laboratories, inc. earnings: 4/29 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: investor.silabs.com
Company Research Source: Yahoo! Finance
AUSTIN, Texas Feb. 19, 2025 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced the award of a million grant from the Texas Semiconductor Innovation Fund (TSIF) established by the Texas CHIPS Act. The TSIF investment will support a new research and development (R&D) laboratory in Austin , helping to create and sustain local jobs and reinforce Silicon Labs' dedication to preserving Central Texas' status as a premier technology hub. The State of Texas has awarded $23 million to Silicon Labs to continue driving semiconductor innovation. "As a Texas -born company and global IoT wireless leader, Silicon Labs is committed to driving innovation, fostering economic growth, and developing a talented workforce in the state," said Silicon Labs President and CEO Matt Johnson . "The Texas CHIPS Act funding will empower us to accelerate wireless chip design, create transformative technologies, and strength Show less Read more
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