Cimaglia recently announced plans to build a quantum computing campus in Southeast Austin not far from Tesla Inc.’s sprawling Gigafactory Texas campus. The goal is to bring infrastructure to the budding technology industry in Texas so quantum computing companies can thrive. The proposed campus, called Occam Foundry, would give quantum startups access to shared labs, manufacturing facilities and...
Austin’s nuclear industry is growing again as an energy developer moves into an office near Auditorium Shores. Blykalla, a maker of small modular nuclear reactors, is actively hiring for its new U.S. technical center at 801 Barton Springs Road, across the street from the Palmer Events Center. “We see a bright future for Blykalla in the United States, driven by significant demand for advanced...
Two companies that manufacture parts for aerospace and military firms plan to establish operations in Cedar Park, bringing an anticipated total investment of more than $40 million and 240 jobs. Cedar Park City Council approved incentive agreements with Machine Sciences Corporation and Elite Metal Finishing Sept. 10. Full article here: Cedar Park slated for 2 new aerospace and military manufacturing...
Samsung Electronics Co. Ltd. will soon begin construction on its second semiconductor plant in Taylor as the company prepares its first factory to begin production by the end of the year. Samsung executives told shareholders Thursday that the company will break ground on its next semiconductor fabrication facility by the end of 2026 as demand for chips surges amid a broader artificial intelligence...
At its grand opening “Cyber Rodeo” event in 2022, Tesla Inc. CEO Elon Musk boasted that Gigafactory Texas was three times the size of the Pentagon. Over time, he said, the plant would represent an investment of more than $10 billion, generating at least 20,000 direct jobs and 100,000 more created by suppliers and other related businesses. Full article here: Behind the gates at Gigafactory...
Data centers power the cloud computing and artificial intelligence systems that have become central to everyday life, and they have emerged as significant economic engines for the regions that host them. Federal Reserve Banks in Philadelphia, Cleveland, Chicago, Atlanta, and Dallas have all cited data center development as a driver of regional economic activity in recent reports. Full article here:...
The race to become America's next economic heavyweight may already have a frontrunner. The latest Internal Revenue Service (IRS) migration data show billions of dollars in taxpayer wealth flowing into Texas, while Census figures show the state's largest metropolitan areas continue to outpace much of the country in population growth, strengthening a decades-long shift in America's economic center of...
You’ve no doubt had concerns about the state of our Austin economy and real estate market the past few years which would be justified. I’ve reported on recessions and strong markets alike over the years in these posts. Beginning around 2002, we began a booming Austin economy that lasted until the Fed dramatically raised interest rates in early 2022 which threw a wet blanket over our real estate...
Texas is the country’s fourth-best state for business in 2026, according to a widely watched ranking from CNBC — a position that represents a slight downgrade for the famously pro-business Lone Star State. Last year, Texas ranked second overall behind only North Carolina. Full article here: Texas slips in business ranking but is still in top 5 (512) 853-0110...
Tesla Inc. has spent years pitching its humanoid robot as a product that could transform work. Now, new construction activity near Gigafactory Texas is offering a clearer look at an Austin-area site where future versions are expected to be produced. In its first-quarter update, Tesla said it was carrying out site preparation work for Optimus, which the company says is designed to perform unsafe,...
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