The semiconductor industry is vital for Texas’ economy and innovation, and the state government is committed to supporting its growth and development.
That’s why Governor Greg Abbott signed the Texas CHIPS Act, a bill that aims to create incentives and opportunities for semiconductor companies to expand their operations and research in the Lone Star State.
The Texas CHIPS Act establishes a fund and a consortium that will involve representatives from Texas’ higher education institutions, industry leaders, workforce experts and state officials.
The consortium will advise the governor and the legislature on how to attract more investments, enhance workforce training and maintain Texas’ leadership in the semiconductor field.
The fund will provide grants to colleges, universities and businesses that are engaged in semiconductor manufacturing and design projects.
The Texas CHIPS Act is a response to the global competition and demand for semiconductors, which are essential components for many technologies, such as cell phones, computers, cars and medical devices. The bill also aligns with the federal CHIPS and Science Act, which was passed in 2021 to boost domestic semiconductor production and innovation.
By signing the Texas CHIPS Act, Governor Abbott has shown his vision and determination to make Texas a global hub for semiconductor excellence.