The proposed act would maintain the state’s position as the national leader in semiconductor manufacturing by leveraging investments in the semiconductor industry, encouraging semiconductor-related companies to expand in the state and taking advantage of the expertise and capacity at higher education institutions.
“Texas is the birthplace of the integrated circuit, and we have since risen as the number one state in America for semiconductor manufacturing,” Abbott said in a press release. “In order to achieve our promise for the remainder of this century, we need to pass the Texas CHIPS Act. This is a national competition to design and build the future of semiconductors, and it is a race that Texas must win for our state, our workforce, our national security, and our future.”
The act would create the Texas Semiconductor Innovation Consortium and the Texas Semiconductor Innovation Fund.
Companion legislation text and history are posted at Texas Legislature Online under HB 5174 and SB 2288.
