U.S. Department of Commerce to Invest $24 Million in Texoma Semiconductor Tech Hub

The U.S. Department of Commerce's Economic Development Administration (EDA) plans to allocate $24 million in Disaster Supplemental funding to the Texoma Semiconductor Tech Hub. This investment will bolster the semiconductor industry in Texas and Oklahoma through accelerator programs, workforce development, and equipment provision for commercialization and supply chain enhancement. The funding is a response to severe storms and tornadoes in the region and aims to advance American semiconductor manufacturing.