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NationalJordan Vance · Jul 9

Texas hands Texas Instruments $33.6M to grow its wafer output

A state semiconductor grant will support a roughly $700 million capacity expansion at the chipmaker's Richardson fab, the latest award from a fund Austin-area firms dominate.

Microsoft's ZeniMax to cut 22 Austin game-industry jobs
PeopleSloane Reyes · Jul 9

Microsoft's ZeniMax to cut 22 Austin game-industry jobs

A state filing shows the Bethesda parent eliminating 158 Texas positions, including 22 in Austin, as Xbox restructures.

Adaptive Insurance adds $5M to sell coverage for a less stable grid
FundingMara Whitfield · Jul 8

Adaptive Insurance adds $5M to sell coverage for a less stable grid

The Austin insurtech writes parametric policies for power outages and severe weather, betting that climate volatility is a growing line of business.

Barracuda buys Austin's Evo Security to shore up identity defense
StartupsMara Whitfield · Jul 7

Barracuda buys Austin's Evo Security to shore up identity defense

The deal folds an Austin access-management startup built for IT service providers into Barracuda's platform. Terms were not disclosed.

EnergyX secures $225M from Italy's Eni for its Chilean lithium play
FundingMara Whitfield · Jul 7

EnergyX secures $225M from Italy's Eni for its Chilean lithium play

The Austin direct-lithium-extraction developer traded a minority stake in a Chilean asset for strategic backing from a European energy major.

Toyota's $3.6B San Antonio expansion lands on Austin's doorstep
NationalJordan Vance · Jul 6

Toyota's $3.6B San Antonio expansion lands on Austin's doorstep

The automaker will add a second assembly line and 2,000 jobs at its Central Texas truck plant, deepening the region's manufacturing base south of Austin.

inKind lands $320M from Liberty Mutual to bankroll restaurants
FundingMara Whitfield · Jul 6

inKind lands $320M from Liberty Mutual to bankroll restaurants

The Austin platform gives restaurants upfront capital in exchange for food-and-beverage credit it resells to diners. Its newest backer is an insurer's investment arm.

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