"We applaud Cong. McCaul’s CHIPS for America Act to incentivize new domestic semiconductor manufacturing and our economy's needs.”
Texas Insider Report: WASHINGTON, DC – “Nearly every manufacturing sector in America relies on semi-conductors, making the current shortage of serious concern. Our semiconductor manufacturers in Texas are working steadily to increase production in what is among the most complex, sophisticated processes in all of manufacturing," said the president & CEO of the Texas Association of Manufacturers, Tony Bennett, expressing the group's support of Cong. Michael McCaul's "CHIPS for America Act".
“As their work continues, we strongly urge Congress to prioritize policies that will hasten expanded semiconductor manufacturing, and in turn, support all of American industry and our nation’s economy.
"We applaud Congressman McCaul’s CHIPS for America Act, which includes smart investments and an investment tax credit to incentivize the new domestic semiconductor manufacturing facilities our industry and our economy need.”