AUSTIN (WBAP/KLIF) – Texas Governor Greg Abbott issued a statement this week commending the United States Congress for passing the CHIPS Act of 2022.
“Texas is a beacon of innovation and has remained the nation’s leading exporter of semiconductors and other electronic components for eleven years in a row. The passage of the CHIPS Act of 2022 will leverage Texas’ investments in the semiconductor industry and encourage more semiconductor-related companies to operate in the Lone Star State. In addition to enabling Texas and the United States to create even greater economic potential, this Act will further cement a secure semiconductor supply chain in our country and strengthen national security by decreasing our dependence on foreign production. I want to thank both Senator Cornyn and Representative McCaul for their leadership in passing this critical legislation, charting a course for greater opportunities for generations of Texans and Americans.”
The CHIPS Act is meant to promote the research and development of semiconductors within Texas and the United States.
North Texas continues to be the site of an increasing number of production facilities. Texas Instruments released announced an increased presence in Sherman, as a result of enhanced demand.
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