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February 6th, 2004
Sematech awaits $40M grant
A much ballyhooed state economic development grant program has failed to provide cash so far, holding up new jobs and research in Austin. Promised months ago, $90 million - including $40 million in grants to International Sematech in Austin for a job-creating research center - remains in state coffers. The delay has caught participants by surprise. In Austin, it has slowed the creation of the Advanced Materials Research Center, a joint effort among semiconductor research consortium Sematech and several Texas universities, including the University of Texas.
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