U.S. Senator John Cornyn (R-TX) announced the U.S. Department of Commerce Economic Development Administration’s (EDA) designation of the Texoma Semiconductor Tech Hub, led by Southern Methodist University (SMU) in Dallas, Texas, which has received a $500,000 Strategy Development grant. This announcement comes as part of the first phase of the new Tech Hubs program, which was created as part of the CHIPS and Science Act that was supported by Sen. Cornyn.
“Texas leads the nation in job creation, and it comes as no surprise that North Texas would be home to one of these groundbreaking partnerships,” said Sen. Cornyn. “I look forward to supporting the Texoma Tech Hub’s work to help secure the semiconductor manufacturing supply chain, strengthen the Texas economy, and increase our global competitiveness for generations to come.”
Tech Hubs were created to bolster our national security and position the U.S. as a global leader in emerging technologies. The Texoma Semiconductor Tech Hub, one of 31 inaugural hubs designated by the EDA across the country, seeks to unify existing and planned semiconductor supply chain infrastructure by enhancing regional collaboration and promoting workforce expansion. The Tech Hub designation makes SMU eligible to apply for grants up to $70 million. With its designation and additional grant funding, this hub will leverage SMU’s central location, transportation network, and new resources to create jobs, grow the semiconductor manufacturing industry, and increase supply chain resiliency.