Texas Insider Report: AUSTIN, Texas – Texas’s own Congressman Michael McCaul (TX-10) and Senator John Cornyn (R-TX), along with Doris Matsui (CA-6), Mark Warner (D-VA), Tom Cotton (R-AR), and Chuck Schumer (D-NY), introduced and successfully incorporated the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act in last week’s National Defense Authorization Act (NDAA). This bipartisan piece of legislation provides critical support to American manufacturing of semiconductors chips, which are critical components of technologies such as cell phones and laptops.
McCaul, the Chair of the China Task Force and Ranking Member of the House Foreign Affairs Committee, noted the security threat of relying on foreign supply chains.
“Ensuring our leadership in the future design, manufacturing, and assembly of cutting edge semiconductors will be vital to United States national security and economic competitiveness.
As the Chinese Communist Party aims to dominate the entire semiconductor supply chain, it is critical that we supercharge our industry here at home. In addition to securing our technological future, the CHIPS Act will create thousands of high-paying U.S. jobs and ensure the next generation of semiconductors are produced in the US, not China,” said Rep. McCaul, who introduced this legislation in the House of Representatives.
McCaul has focused on the importance of securing global supply chains for technology, medical supplies, and - a gap in national security that was highlighted this Spring with the COVID-19 pandemic.
Cornyn echoed the impact to national security and jobs here in Texas and around the country. The federal incentives to companies in the CHIPS Act will not only creating more high-paying manufacturing jobs, but also encourage cutting-edge innovation in the industry. Texas, and Austin in particular, is an emerging technology hub and will see the direct benefit of increased jobs and opportunity from this support to the semiconductor manufacturing industry.