British chipmaker Arm Holdings PLC plans to create hundreds of jobs as it expands its Austin campus with the help of a Texas Semiconductor Innovation Fund grant.
Arm, a global semiconductor designer, will receive more than $4.162 million from the state to support the expansion. The company plans to invest $71 million in the project, which includes a new lab, and create more than 320 jobs, according to a state announcement Thursday.
“This investment from the Governor’s Office accelerates that momentum and strengthens Texas’ position as a global semiconductor leader,” Arm CEO Rene Haas said in the announcement. “We’re expanding our labs, strengthening our capabilities, and creating hundreds of new roles — building the future of compute and AI in the U.S. and developing the next generation of semiconductor talent.”…