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By Kathryn Hardison and Justin Sayers – Austin Business Journal

Applied Materials Inc., a global supplier to the semiconductor industry, is considering a $2 billion project in a suburb northeast of Austin as the region becomes a hotbed for chipmakers and the businesses that provide them with machinery and materials.

The Silicon Valley-based company, which has played a key role in Austin’s semiconductor sector since the 1990s, may put a manufacturing and research and development facility in Hutto, multiple sources said, where it could create more than 800 jobs over the coming decade.

Central Texas’ rising reputation as a global chipmaking hub has many expecting the semiconductor supply chain to grow in the region. Samsung Electronics Co. Ltd. is building a $17 billion chipmaking campus in Taylor — directly east of the megasite — and Boise, Idaho-based Micron Technology Inc. (Nasdaq: MU) is considering the region for a massive project.

Hutto in recent months has attracted manufacturers such as Kval Inc., which makes machines and software to manufacture doors, and Ovivo Inc., which will produce parts for its water filtration technology. Those two companies could create upward of 150 jobs in the city by 2028.

 

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Sairam Kota

Sairam is an experienced multifamily deal sponsor and asset manager for 738 units, a key principal in 332 units and limited partner in 1000 units. He has a strong experience in asset management, property reposition, income generation, implementing operational efficiencies and cost reduction. Sairam is a licensed Real Estate Broker in the state of Texas. He is a successful IT Consultant with 20+ years of experience in corporate America.