Waco, TX – According to the state officials, the proposed Texas CHIPS Act would leverage Texas’ investments in the semiconductor industry, encourage semiconductor-related companies to expand in the state, leverage the expertise and capacity at Texas higher education institutions, and maintain Texas’ position as the nation’s leader in semiconductor manufacturing.
The Governor was joined at the press conference by Texas CHIPS Act authors Senate Finance Committee Chair Joan Huffman and House Appropriations Chair Dr. Greg Bonnen, as well as Senator Brian Birdwell, Representative Angie Chen Button, Representative John Kuempel, Texas A&M Chancellor John Sharp, The University of Texas President Jay Hartzell, and other higher education, industry, and business leaders.
The Texas CHIPS Act would create the Texas Semiconductor Innovation Consortium to sustain Texas leadership in advanced semiconductor research, design, and manufacturing; leverage the expertise of Texas’ higher education institutions and stakeholders to develop a comprehensive strategic plan to ensure future semiconductor innovation; expand workforce development training; and attract new investments to the state for semiconductors.
Additionally, the Texas CHIPS Act would establish the Texas Semiconductor Innovation Fund to provide funding for higher education institutions seeking semiconductor manufacturing and design projects and issue grants to businesses to encourage economic development related to semiconductor manufacturing and design.
