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  2. The Texas CHIPS Act is a bill that will create the Texas Semiconductor Innovation Fund, which will subsidize companies that manufacture chips in Texas and provide matching funds to universities and other state entities that invest in chip design or manufacturing projects1. The bill will also create the Texas Semiconductor Innovation Consortium to sustain Texas leadership in advanced semiconductor research, design, and manufacturing2. The federal incentives in the CHIPS Act of 2022 will help Texas leverage its investments in the semiconductor industry, and the tax provisions will benefit the semiconductor-related companies already operating in the state, while attracting others that are looking to expand and grow3.
    Learn more:
    On Thursday, Gov. Greg Abbott approved the Texas CHIPS Act, which will create the Texas Semiconductor Innovation Fund, a pot of money that will subsidize companies that manufacture chips in Texas and provide matching funds to universities and other state entities that invest in chip design or manufacturing projects.

    Texas will invest $1.4 billion to boost mic…

    www.texastribune.org/2023/06/12/texas-microchip…

    The Texas CHIPS Act would create the Texas Semiconductor Innovation Consortium to sustain Texas leadership in advanced semiconductor research, design, and manufacturing; leverage the expertise of Texas’ higher education institutions and stakeholders to develop a comprehensive strategic plan to ensure future semiconductor innovation; expand workforce development training; and attract new investments to the state for...

    Governor Abbott Announces Support Fo…

    gov.texas.gov/news/post/governor-abbott-announc…
    The federal incentives in the CHIPS Act of 2022 will help Texas leverage our investments in the semiconductor industry, and the tax provisions will benefit the semiconductor-related companies already operating in the state, while attracting others that are looking to expand and grow.

    Office of the Texas Governor | Greg Abb…

    gov.texas.gov/news/post/governor-abbott-urges-u.…
     
  3. People also ask
    What is the chips act & how does it work?The federal CHIPS Act seeks to encourage the reshoring of semiconductor manufacturing, which means bringing chip factories back to the country. The U.S. depends heavily on chip imports, especially from Taiwan and South Korea.

    Texas will invest $1.4 billion to boost microchip manufacturing | The

    texastribune.org
    What is the Texas chips Act?Initiatives enacted through the Texas CHIPS Act, passed during the 88th Legislative Session, will continue to help our state develop innovative strategies and programs to support semiconductor technology and innovation while growing semiconductor manufacturing, research, design and a skilled workforce.

    TEXAS CHIPS ACT

    gov.texas.gov
    Does Texas need a chips Act Fund?Before signing the Texas bill, Abbott said it leverages the federal Chips Act money to encourage U.S. microchip production. Abbott said the fund can provide state matching funds for private entities with an established presence in the state and will encourage further economic development related to semiconductors.

    Gov. Abbott signs bill to keep Texas a semiconductor industry leader - …

    statesman.com
    Why is Texas getting a chips and Science Act?The government support comes from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically. "The proposed project will propel Texas into a state-of-the-art semiconductor ecosystem," Commerce Secretary Gina Raimondo said on a call with reporters.

    Samsung to get $6.4 billion to make computer chips in Texas | The Texas

    texastribune.org
    Feedback
     
  4. Office of the Texas Governor
    https://gov.texas.gov/.../Texas_CHIPS_Act_Snapshot.pdf
    [PDF]

    TEXAS CHIPS ACT

    See results only from gov.texas.gov
     
  5. Office of the Texas Governor
    https://gov.texas.gov/news/post/governor-abbott...

    Governor Abbott Announces Support For Texas CHIPS Act

  6. Office of the Texas Governor
    https://gov.texas.gov/business/page/texas-chips-office

    Texas CHIPS Office

  7. The Texas Tribune
    https://www.texastribune.org/2023/06/12/texas...

    Texas will invest $1.4 billion to boost microchip manufacturing

  8. U.S. Department of Commerce
    https://www.commerce.gov/news/press-releases/2024/...

    Biden-Harris Administration Announces Preliminary Terms with …

  9. Austin American-Statesman
    https://www.statesman.com/story/busin…

    Gov. Abbott signs bill to keep Texas a semiconductor …

    WEBJun 9, 2023 · Gov. Greg Abbott signed the bill, called the Texas CHIPS Act, on Thursday and said the legislation will further bolster the state’s position nationally and internationally in the...

  10. U.S. Department of Commerce
    https://www.commerce.gov/news/press-releases/2024/...

    Biden-Harris Administration Announces Preliminary Terms with …

  11. The White House
    https://www.whitehouse.gov/briefing-room/...

    Statement from President Joe Biden on CHIPS and Science Act …

  12. CNBC
    https://www.cnbc.com/2023/07/20/texas-becomes-chip...

    Texas becomes chip hub with $47 billion investment from …

  13. KERA News
    https://www.keranews.org/science-technology/2024...

    Semiconductors are a billion-dollar industry. Texas wants to lead …

  14. The White House
    https://www.whitehouse.gov/briefing-room/statements...

    FACT SHEET: CHIPS and Science Act Will Lower Costs, Create …

  15. The White House
    https://www.whitehouse.gov/briefing-room/statements...

    FACT SHEET: One Year after the CHIPS and Science Act, Biden-

  16. KVUE
    https://www.kvue.com/article/news/politics/...

    Gov. Greg Abbott, state officials discuss Texas CHIPS Act ...

  17. The Center Square
    https://www.thecentersquare.com/texas/article_1b...

    Gov. Abbott signs Texas CHIPS Act into law

  18. The Texas Tribune
    https://www.texastribune.org/2024/04/15/texas...

    Samsung to get $6.4 billion to make computer chips in Texas

  19. samsung.com
    https://news.samsung.com/us/samsung-electronics-to...

    Samsung Electronics to Receive up to $6.4 Billion in Direct …

  20. KVUE
    https://www.kvue.com/article/news/politics/texas...

    With $1.4 billion investment, Texas hopes to sprint to the front of …

  21. The Texas Tribune
    https://www.texastribune.org/2022/07/26/texas...

    Texas leaders have high hopes for CHIPS Act's impact - The …

  22. The Verge
    https://www.theverge.com/24166234/chips-act...

    Where the CHIPS Act money has gone

  23. Office of the Texas Governor
    https://gov.texas.gov/business/page/texas-semiconductor-leadership

    Texas Semiconductor Leadership

  24. Financial Times
    https://www.ft.com/content/26756186-99e5-448f-a451-f5e307b13723

    The Chips Act has been surprisingly successful so far - Financial …

  25. Office of the Texas Governor
    https://gov.texas.gov/news/post/governor-abbott...

    Office of the Texas Governor | Greg Abbott

  26. U.S. Department of Commerce
    https://www.commerce.gov/news/fact-sheets/2024/02/...

    FACT SHEET: Biden-⁠Harris Administration Announces Over $5 …

  27. Houston Chronicle
    https://www.houstonchronicle.com/politics/texas/...

    Did Ted Cruz vote against the CHIPS Act as Colin Allred says?

  28. DIGITIMES Asia
    https://www.digitimes.com/news/a20240830PD205/...

    IntelliEPI receives subsidies of US$4.1 million from Texas CHIPS …

  29. Newsmax
    https://www.newsmax.com/newsfront/chip-roy-save...

    Rep. Roy: Time for GOP to 'Put Up or Shut Up' on SAVE Act