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Celebrating One Year of the CHIPS & Science Act

Blog by Drew Scheberle, Sr. Advisor

Semiconductor design, manufacturing and packaging remain the most significant economic multiplier of any industry.

Today marks the first anniversary of the national CHIPS & Science Act. It is a bipartisan achievement with key Texas leaders like Sen. John Cornyn, Chair Michael McCaul, Chair Kay Granger, Cong. Lloyd Doggett and former Cong. Eddie Bernice Johnson all playing critical roles. This massive act is still unfolding under US Commerce Secretary Gina Raimondo and her team. Over the last year, Governor Greg Abbott has continued his Texas Semiconductor Council under the leadership of the Texas Economic Development Executive Director, Adriana Cruz. The Governor and the Texas Legislature – under the leadership of House Appropriations Chair Greg Bonnen and Senate Finance Chair Joan Huffman -- have appropriated more than a billion dollars to create a new semiconductor council and ensure cutting edge technology will continue to be created in Texas universities and with new and enhanced research assets. Governor Abbott, House State Affairs Chair Todd Hunter and Senate Business & Commerce Chair Charles Schwertner led passage of House Bill 5, creating a new, transparent economic development tool. The incentive program will be the lynchpin in recruiting massive manufacturing projects, resulting in new jobs and large capital investments for Texas communities.

TAB has been involved in every part of these processes. Semiconductors make the advanced economy run, and we thank our state and federal leaders for taking these critical steps to ensure Texas' economic resiliency.

As we celebrate the first anniversary of the CHIPS and Science Act, there is much work ahead: federal and state regulatory implementation; investments from the state and federal level in the most advanced research as well as with the private sector in manufacturing and advanced packaging. TAB is energized by the prospect of a stronger domestic semiconductor industry. With a deep history in semiconductor manufacturing and design, TAB supports efforts to strengthen the relevant Texas talent pipelines, to promote the creation of Texas-based, world-class research consortiums.


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