Austin semiconductor operation receives $23M grant

AUSTIN (KXAN) — Silicon Labs, an Austin-based semiconductor manufacturing company, recently received a Texas Semiconductor Innovation Fund grant of $23,250,000.The grant is for the company’s new research and development operation, which is expected to create more than $80 million in capital investment, according to Gov. Greg Abbott’s office.Abbott said Silicon Labs’ investment would “further cement Texas' position as a trailblazer in technological advancement and ke