Texas angles for $2B federal semiconductor research program to spur a tech industry sector the Lone Star State once dominated.
Decades after fumbling away what once looked like a dominating hold on the 1980s computer revolution, Texas has launched a comeback that threatens to loosen China’s economic grip on America and make the Lone Star State a true tech industry hub rivaling Silicon Valley.
, called the CHIPS Act, that creates billions of dollars in incentives for semiconductor companies to move to Texas. More than $60 billion is now targeted to come to Texas to grow the industry. And tucked into the legislation is another $2 billion proposal to create a National Semiconductor Technology Center. While Texas is in competition with other states for that site, McCaul said the University of Texas and Texas A&M University are combining forces to land the contract.
Samsung is building a $17 billion advanced chipmaking plant in Taylor just north of Austin as part of an expected $200 billion expansion, with 11 new facilities. McCaul said the national security problem is already obvious because of the relationship with China. But when the pandemic hit it only further showed the vulnerability of the U.S. supply chain for semiconductors as everything from cars to appliances were suddenly hard to come by. He and Cornyn began meeting with President Joe Bidenand planted the seeds for the CHIPS bill that could provide a pipeline of federal investments for Texas.
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