Governor Abbott Announces Support For Texas CHIPS Act

~ Today, Governor Greg Abbott announced his support for the proposed Texas CHIPS Act legislation at a press conference at the Texas Capitol in Austin. The proposed legislation is designed to leverage Texas' investments in the semiconductor industry, encourage semiconductor-related companies to expand in the state, and maintain Texas' position as the nation's leader in semiconductor manufacturing.

At the press conference, Governor Abbott stated, "Texas is the birthplace of the integrated circuit, and we have since risen as the number one state in America for semiconductor manufacturing. 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. With this legislation, Texas will not only remain number one in America for semiconductors—we will be number one in the world. I thank Chairman Bonnen and Chairman Huffman for proposing this important legislation so that Texas can have the tools needed to continue our dominance in this critical industry."

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The Governor was joined by Senate Finance Committee Chair Joan Huffman and House Appropriations Chair Dr. Greg Bonnen who are authors of the proposed legislation 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 leaders from industry and business sectors.

The proposed legislation would create a consortium called 'Texas Semiconductor Innovation Consortium' which would sustain leadership in advanced semiconductor research design and manufacturing; leverage expertise from higher education institutions; expand workforce development training; attract new investments into state related to semiconductors; establish 'Texas Semiconductor Innovation Fund' which would provide funding for higher education institutions seeking projects related to semiconductors; issue grants to businesses encouraging economic development related to semiconductor manufacturing and design.

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In 2021 Governor Abbott had formed a task force called 'National Semiconductor Centers Texas Task Force' prior to passage of federal CHIPS & Science Act which brought together government leaders from industry & higher education institutions with workforce stakeholders creating a strategic plan keeping Texas a leader in semiconductor industry.

In his 2024-2025 proposed state budget Governor Abbott has directed legislature towards cross-government approach ensuring competitiveness for $53 billion U.S CHIPS & Science Act funding opportunities making available state funding boosting federal funds provided through program.

In conclusion it can be said that with passage of this proposed legislation it will ensure that Texas remains at forefront of global competition when it comes to advanced research & development related to semiconductors while also providing necessary resources & incentives for businesses & educational institutions involved with same thus ensuring economic growth & stability within state while also maintaining its position as leader when it comes to innovation within field of integrated circuits & other related technologies.

Filed Under: Government, State

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