Gov. Perry Announces Maxim Locating In Irving
State Commits $5 Million from Texas Enterprise Fund
AUSTIN – Gov. Rick Perry today 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 Perry. “Today’s announcement is yet another sign that Texas remains one of the world’s premiere places to run a business.”
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.
“I personally want to thank Governor Perry, the Texas Enterprise Fund and the City of Irving for closing the deal for Maxim to purchase and develop this facility and bring these jobs to Texas,” said Chuck Rigg, Senior VP of Administration and General Counsel for Maxim Integrated Products.
The legislature, at Perry’s request, created the TEF in 2003 and re-authorized it in 2005 to help bring new jobs to Texas. To date, the TEF has closed the deal on projects generating more than 45,000 new jobs and $15 billion in capital investment in the state.
Texas Enterprise Fund »