Ruston, Louisiana, August 28, 2025
News Summary
Radiance Technologies has revealed plans for a $370.65 million investment in a microchip facility in Ruston, Louisiana, aimed at enhancing national security and boosting local economic growth. Set to create 150 new jobs with an average salary of $85,000, this 40,000 square foot facility will also provide substantial annual payroll benefits by 2032. The project has garnered support from local institutions and is expected to begin construction in spring 2026, completing by summer 2027.
Ruston, Louisiana Welcomes Major Investment in Microchip Facility
Radiance Technologies has announced plans to invest $370.65 million in a cutting-edge microchip facility set to be built in Ruston, Louisiana. The announcement was made during a press conference hosted at Louisiana Tech on August 25.
The facility will cover 40,000 square feet and will be strategically located just north of the Ruston Sports Complex. This significant investment is aimed not only at enhancing national security but also at fostering economic growth within the local community.
Radiance Technologies specializes in providing innovative solutions tailored for defense, intelligence, and security sectors. The new facility is expected to create 150 new jobs, contributing an annual payroll of approximately $12.7 million by the fiscal year 2032. The anticipated average salary for these positions is expected to be around $85,000, which is notably 180% of the parish’s average wage.
Support and Funding
This project has garnered support from various entities including Louisiana Tech University, the Louisiana Tech University Foundation, and Louisiana Economic Development (LED). In support of this initiative, LED will provide $20 million through a performance-based grant specifically designated for the purchase of equipment at the facility.
Additionally, $17 million has been earmarked for Louisiana Tech aimed at enhancing research equipment and developing specialized training programs in secure chip manufacturing. This investment will play a crucial role in strengthening the local talent pipeline by creating skills-specific educational opportunities.
Facility Operations and Timeline
The new facility will conduct crucial operations in research and development, design, and fabrication of microchips. Construction is projected to commence in spring 2026, with an expected completion date set for summer 2027.
Currently, Radiance Technologies operates in several locations including Huntsville, Alabama, Shreveport, and Baton Rouge. With the new facility in Ruston, the company aims to expand its footprint within Louisiana while significantly contributing to local economic activity.
Community Impact
The investment is anticipated to offer numerous benefits to both the local community and university students, with a focus on experiential learning opportunities that will advance their education and employability in high-demand fields.
Governor Jeff Landry has highlighted the importance of this investment in enhancing North Louisiana’s capacity in national security and advanced manufacturing. Meanwhile, Mayor Ronny Walker has underscored the collaborative efforts among the university, city, and industry, indicating that this partnership will spur innovation and drive growth within the community.
Key Features of the Investment
- Investment Amount: $370.65 million
- Facility Size: 40,000 square feet
- Expected Job Creation: 150 new jobs
- Average Salary: $85,000
- Annual Payroll by FY 2032: $12.7 million
- Construction Start: Spring 2026
- Completion Target: Summer 2027
FAQs
What is the purpose of the new microchip facility in Ruston?
The facility aims to enhance national security and support local economic growth through the development of microchips for defense, intelligence, and security applications.
How many jobs will the facility create, and what will be the average salary?
The facility is expected to create 150 new jobs with an average salary of approximately $85,000, which is significantly above the local average wage.
What type of operations will be conducted at the facility?
The facility will focus on research and development, design, and fabrication of microchips.
When is the construction of the facility expected to start and finish?
Construction is projected to begin in spring 2026 and be completed by summer 2027.
What support has the project received from local entities?
The project has received backing from Louisiana Tech University, the Louisiana Tech University Foundation, and Louisiana Economic Development, which is providing $20 million in matching funds.
Key Features Summary
| Feature | Description |
|---|---|
| Investment Amount | $370.65 million |
| Facility Size | 40,000 square feet |
| Expected Job Creation | 150 new jobs |
| Average Salary | $85,000 |
| Annual Payroll by FY 2032 | $12.7 million |
| Construction Start | Spring 2026 |
| Completion Target | Summer 2027 |
Deeper Dive: News & Info About This Topic
HERE Resources
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Ruston to Host $80 Million Secure Microchip Facility
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Additional Resources
- KNOE: Louisiana Tech University Joins National Security Project
- Wikipedia: Microchip
- IEN: Radiance to Build $370 Million Microchip Factory
- Google Search: Louisiana Economic Development
- KPLC: New Economic Improvement Survey Available
- Google Scholar: National Security Investments
- NOLA: Louisiana Economic Development Unveils Action Plan
- Encyclopedia Britannica: Economic Development
- The Center Square: Economic Initiatives in Louisiana
- Google News: Louisiana Tech University
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The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
