Gov. Rick Perry Announces $40 Million Funding For Advanced Materials Research Center
Partnership with Sematech Will Add High Tech Jobs to Texas Economy
AUSTIN - Gov. Rick Perry today announced a $40 million grant from the Texas Enterprise Fund to help launch the Advanced Materials Research Center (AMRC) in conjunction with semiconductor technology leader Sematech.
"This Texas Enterprise Fund grant will be used to establish and operate the Advanced Materials Research Center, a new advanced research and development effort that is critical for the acceleration of promising new semiconductor and emerging technologies," Perry said. "Keeping Sematech in Texas means keeping Texas on the leading edge of innovation in rapidly advancing fields like nanotechnology, biotechnology, micro-electro-mechanical systems, and other critical future technologies."
The mission of the AMRC will be to accelerate the development of critical technology research that economists believe will generate the industries, careers, and tax revenue of the future. The AMRC will focus on leading-edge materials and capabilities for next-generation semiconductors, as well as cutting-edge research in nanotechnology, biotechnology, and other related advanced high-tech areas. Sematech estimates that this effort is expected to generate more than 4,000 high-tech jobs in Texas over the next 10 years.
"Working with Texas universities, the AMRC will help bring innovations in the lab all the way to the marketplace by helping turn intellectual capital into commercial innovation," Perry said. "With this agreement, companies and entrepreneurs will continue to be drawn to the Lone Star State to reap the benefits of our research capabilities and ultimately will bring more high-paying jobs, more opportunities in related technology fields, and more wealth to our state."
In addition to the $40 million TEF grant, Perry said the state will work to help Sematech secure another $160 million in funding from federal, state and local sources over the next five years.
"As governor, preserving and creating jobs, and building a better economic climate, are among my chief aims," Perry added. "Texans can know that their state remains as committed as ever to being a strong player in the technology revolution because it will mean greater opportunity and prosperity for our entire state."
Perry successfully urged the Texas Legislature in 2003 to appropriate $295 million to the Texas Enterprise Fund to help Texas create new jobs and grow its economy. This is the forth project funded with Enterprise Fund money.
In June, the state committed $50 million to enhance engineering and computer science programs at the University of Texas at Dallas. The investment played a key role in Texas Instruments' decision to build a new $3 billion research and manufacturing plant in Richardson. The state also committed $1.5 million to Maxim for a new semiconductor facility in San Antonio that will likely create 600 new jobs over the next three to four years. In February, Perry announced a $35 million grant for Vought Aircraft to expand and bring 3000 jobs to Texas.
Sematech is a global semiconductor technology development consortium that has effectively represented the semiconductor manufacturing industry on innovation issues since 1988. Sematech conducts state-of-the-art research and is a highly-regarded technology partner whose goal is to refine the tools and technology necessary to produce future generations of chips.
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