In June 2023, Abbott signed the Texas Chips Act into law to attract more chipmakers to the state’s already strong semiconductor manufacturing industry.
The Texas Chips Act committed $698 million to a new semiconductor fund and an additional $660 million for advanced research centers at The University of Texas at Austin and Texas A&M University.The University of Texas at Dallas will host a new Texas Innovation Consortium Fund to promote microchip production in the state and expand workforce training programs at colleges and universities, Gov. Greg Abbott announced Tuesday.
Abbott said the fund is an attempt to keep Texas at the top of semiconductor manufacturing by attracting additional public and private investment to the state.“We’re here to connect the dots. Today is a historic day,” he said during a stop in North Texas. “Texas will lead the way in research, design and manufacturing of semiconductors. Texas will not only be competitive with other states, but other countries. We know what’s at stake.
“We understand the driving force behind this is industry and that’s going to require our students as we prepare them to join the workforce,” he said.. Irving is a business writer for the Dallas Morning News. He's previously served as an environmental reporter for Bridge Michigan, a writer for Automotive News, and the sports and managing editor for the South End. He graduated from Wayne State University in 2023 with a degree in print and online journalism and psychology minor.
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