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 semiconductor equipment materials and services facility in Elgin. The project is expected to create 30 new jobs and generate 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, which was established in Elgin in 2002, specializes in refurbishment and repair services for the semiconductor equipment market. The company’s planned project includes constructing a new building as well as expanding its existing facility by 50,000 square feet to increase production capacity. This expansion will allow Yerico to boost monthly output of electrostatic chuck (ESC) components from 1,500 to 2,500 units, with an additional 1,000 pieces of semiconductor manufacturing equipment produced each month after completion.
“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 impact: “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 highlighted regional benefits: “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.”
The TSIF program was created under legislation signed by Governor Abbott through the Texas CHIPS Act in 2023. The fund aims to encourage continued leadership by supporting research, design, manufacturing initiatives within Texas’ semiconductor sector while helping expand companies operating within this field across the state.
