Governor Greg Abbott has announced a $1.3 million grant from the Texas Semiconductor Innovation Fund (TSIF) to Yerico Manufacturing Inc. The funding will support the expansion of Yerico’s semiconductor equipment materials and services facility in Elgin, Texas. The project is projected to create 30 new jobs and bring more than $13 million in capital investment.
“Texas is leading a new era of innovation in manufacturing,” said Governor Abbott. “Yerico’s $13 million expansion of their semiconductor equipment refurbishment and repair facility in Elgin will help support the increased demand for chip production in Texas and around the world. With significant investments from global technology and manufacturing leaders, Texas will continue to partner with industry innovators to ensure supply chain resilience and solidify our dominance in domestic semiconductor manufacturing.”
Founded in Elgin in 2002, Yerico Manufacturing provides refurbishment and repair services for the semiconductor equipment market, focusing on cost-saving solutions. The current project includes constructing a new building and expanding an existing one, adding 50,000 square feet of space to boost production capacity. As part of this expansion, Yerico plans to increase its monthly output of electrostatic chuck (ESC) components from 1,500 to 2,500 units. Additionally, the new facility is expected to produce an extra 1,000 pieces of semiconductor manufacturing equipment each month once completed.
“The TSIF grant will support the construction of new facilities and the acquisition of state-of-the-art equipment,” said Yerico Manufacturing CEO and President Ihn Hong Min. “This expansion will lead to the creation of dozens of new, local jobs in Elgin, and will improve our U.S.-based technology allowing Yerico to advance as global supplier.”
Senator Charles Schwertner commented on the broader significance: “The expansion of Yerico Manufacturing is exactly what we envisioned when we passed the Texas CHIPS Act. We are strengthening our state’s leadership in semiconductor manufacturing while creating high-paying jobs right here at home. This investment not only boosts Bastrop County’s economy, it reinforces Texas’ role in securing America’s technology supply chain.”
Representative Stan Gerdes also expressed support: “Yerico’s multimillion-dollar expansion will bolster Texas’ growing dominance in manufacturing, bringing with it new jobs and strengthening the Central Texas economy. It also signals to the rest of the world that Texas is stepping up as a global leader in semiconductor technology. As State Representative for Elgin and its surrounding communities, I applaud Yerico for its incredible progress and will continue to ensure our homegrown, Texas-based job creators and industry innovators have the necessary resources and business-friendly climate to thrive in our great State.”
Governor Abbott signed the Texas CHIPS Act into law in 2023 to establish programs such as TSIF aimed at maintaining Texas’ position as a leader in semiconductor research, design, and manufacturing. These initiatives are managed by the Texas CHIPS Office within his Economic Development & Tourism Office.
