Texas economic development officials recently announced a $5 million Texas Enterprise Fund (TEF) grant to Maxim Integrated Products as part of the state and local efforts to secure the company’s expansion to a new facility in Irving. This investment is projected to generate $200 million in capital investments and will create approximately 1,000 new jobs over the next seven years.
“The Enterprise Fund continues to be the most successful deal-closing fund in the nation, and consequently, this investment by Maxim Integrated Products will create nearly 1,000 new jobs over the next several years and will enhance Texas’ reputation as a world leader in semiconductor production,” said Texas Gov. Rick Perry.
In 2003, Perry announced a $1.5 million TEF grant awarded to Maxim Integrated Products to secure a semiconductor facility in San Antonio. Maxim Integrated Products manufactures integrated circuits including, data converters, interface circuits, microprocessor supervisors, switches, battery chargers, fiber optic transceivers and semi conductors.
The company, with more than 7,900 employees, is headquartered in Sunnyvale, Calif., with multiple fabrication and test centers around the world, including San Jose, Calif., and San Antonio and Dallas, Texas.
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