Semiconductor production company Tokyo Electron announces new headquarters space in Austin

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The Austin City Council has approved the purchase of more than 100 acres in southeast Austin for a future mixed-use development.

AUSTIN, Texas — By the end of this year, more than 350 Austin employees will be able to work out of a new location. shared its new plans to build a new 15-story headquarters space near on 401 S. First St, not far from Auditorium Shores at Town Lake Metropolitan Park.

"This is a pivotal moment for Tokyo Electron, for our company's culture and for our most valued asset, our people," TEL and TEL Manufacturing and Engineering of America president Mark Dougherty said. Not only that, but TEL's current development and research centers will also be gaining 100,000 square feet in total. $87 million purchase

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