IntelliEPI Secures $4.12 Million Grant from Texas Semiconductor Innovation Fund to Bolster Compound Wafer Semiconductor Manufacturing and Innovation in Texas
**Allen, Texas — November 14, 2024** –
Intelligent Epitaxy Technology, Inc. (IntelliEPI), a leading manufacturer of high performance III-V compound semiconductor epitaxy wafers, is pleased to announce that the company has been awarded a $4.12 million grant from the Texas Semiconductor Innovation Fund (TSIF). The funding from TSIF shall be used in a capacity expansion project. This significant of keeping this project in Texas underscores IntelliEPI’s commitment to help the state of Texas retain its pivotal role in high performance compound semiconductor wafer manufacturing and future advanced technology and innovation in the United States and the world.
The Texas Semiconductor Innovation Fund (TSIF) is a new incentive program of nearly $700M to encourage the continued leadership of Texas in semiconductor research, design and manufacturing. The TSIF was established in June 2023 when Governor Abbott signed into law the Texas CHIPS Act (House Bill 5174) which established the TSIF as well as the Texas Semiconductor Innovation Consortium (TSIC). This funding initiative aligns closely with IntelliEPI’s mission to advance the semiconductor industry through groundbreaking technology and sustainable manufacturing processes.
This $4.12 million grant shall be used by IntelliEPI to enhance and accelerate the construction of a new expansion annex next to the existing facility in Allen, TX. This new facility will increase both the manufacturing capacity and the ability to conduct further advanced research and development, all critical to accelerate the production of high-performance epitaxy wafers and implement the next-generation semiconductor device manufacturing processes. These efforts are expected to have broad implications for industries ranging from aerospace and defense to telecommunications and automotive, all of which rely heavily on state-of-the-art compound semiconductor wafer technologies to drive innovation and maintain competitive advantage.
“This grant from the Texas Semiconductor Innovation Fund represents a significant milestone for IntelliEPI and validates our strategic focus on technological innovation, high-quality manufacturing, and sustainable growth within the semiconductor industry,” said Yung-Chung Kao, CEO and Chairman of the Board of IntelliEPI. “We are excited to play a role in advancing Texas as a central player in the compound wafer manufacturing industry and continue to shift more of the supply chain within the United States.”
**About IntelliEPI**
Intelligent Epitaxy Technology, Inc. (IntelliEPI), locating in the Dallas-Fort Worth (DFW) Metroplex is a leading provider of epitaxy wafers for advanced compound semiconductor applications. The company specializes in the crystal growth of high-quality compound semiconductor epitaxy wafers based on an advanced production Molecular Beam Epitaxy technology platform. IntelliEPI serves a global clientele in markets spanning defense, telecommunications, automotive, and more. The company is dedicated to fostering innovation, ensuring quality, and leading advancements in semiconductor technology.
**Contact Information:**
For more information, please contact:
Tina Dina
Senior Accountant/HR manager
Intelligent Epitaxy Technology, Inc.
Phone: (972) 234-0068 ext. 267
Email: info@intelliepi.com