Governor Greg Abbott has announced that Yerico Manufacturing Inc. will receive a $1.3 million grant from the Texas Semiconductor Innovation Fund (TSIF) to support an expansion of its facility in Elgin. The project is projected to create 30 new jobs and result in 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.”
Yerico Manufacturing, established in Elgin since 2002, specializes in refurbishing and repairing semiconductor equipment to provide cost-saving solutions for the market. The planned project includes constructing a new building as well as expanding an existing one, adding 50,000 square feet of space to boost production capacity. The company aims to increase monthly output of electrostatic chuck (ESC) components from 1,500 to 2,500 units, while the new facility is expected to produce an additional 1,000 pieces of semiconductor manufacturing equipment per month when complete.
“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 development: “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 remarked: “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 into law the Texas CHIPS Act in 2023 which established both TSIF—a grant program aimed at promoting continued leadership by Texas within semiconductor research—and related initiatives such as the Texas Semiconductor Innovation Consortium. These programs are managed by the Governor’s Economic Development & Tourism Office through its dedicated CHIPS division; they seek not only to encourage growth among companies like Yerico but also enhance higher education expertise within this sector across Texas.
