Texas CHIPS Act Awards Silicon Labs $23 Million to Expand R&D Advancements in Austin

Core Insights - Texas Semiconductor Innovation Fund awarded a $23 million grant to Silicon Labs to enhance semiconductor innovation and support local job creation [1][2] - The funding will facilitate the establishment of a new R&D laboratory in Austin, reinforcing Texas' position as a leading technology hub [1][4] - Silicon Labs aims to accelerate its innovation roadmap, particularly focusing on the development of its Series 3 technology, which enhances wireless connectivity for IoT devices [3][4] Company Overview - Silicon Labs is recognized as a leader in secure, intelligent wireless technology, particularly for the Internet of Things (IoT) [5] - The company provides an integrated hardware and software platform, along with development tools and ecosystem support, making it a key partner for advanced applications [5] - Silicon Labs emphasizes high performance, low power consumption, and security, supporting a wide range of multi-protocol solutions [5]