Chamber Issues Statement on the Passage of the CHIPs and Science Act Aimed at Increasing Domestic Semiconductor Manufacturing

Posted on 07/28/2022 by Bryce Bencivengo

The Austin Chamber of Commerce has the following statement on the passage of the CHIPS and Science Act supporting the production of semiconductors in the United States. This statement can be attributed to Laura Huffman, President and CEO of the Austin Chamber of Commerce.

"Congress has embraced that it’s a critical time to invest in American manufacturing of semiconductor chips. We appreciate Senator John Cornyn, Congressman Michael McCaul (TX-10), Congressman Lloyd Doggett (TX-35), and others for their leadership and support for CHIPS and Science Act funding.

“Almost all major electronic devices require semiconductors, from cars to smartphones to computer graphic cards. The lack of available chips has impacted American businesses and consumers. Passing the CHIPS and Science Act will help increase investment in chip production and allow us to meet the needs for semiconductors domestically.

“Our region is already a leader in semiconductor manufacturing. With additional federal incentives and investment, U.S. and Central Texas-based businesses can do even more to alleviate the global chip shortage, benefiting the entire tech sector and consumers. This legislation has the possibility to spur billions of dollars of investment from companies in Austin and Texas.

“We encourage President Biden to sign this legislation as soon as possible.”

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