The focus on legacy chips in the early stages of the Chips Act, due to concerns over China's growing capacity in this area, highlights the act's broader implications for the U.S. economy and national security. The act aims to bolster U.S. production of semiconductor chips, with Samsung's operations in Austin and its expansion in Taylor playing a significant role. These efforts have contributed $26.8 billion to the Texas economy, supporting tens of thousands of jobs and generating hundreds of millions of dollars in workers' salaries. The overall impact of the Samsung plant on Central Texas is valued at a massive $26B, underscoring the importance of semiconductor manufacturing to the region's economic health and the national interest.
The CHIPS & Science Act works to support the semiconductor supply chain, from materials to fabrication, and bring manufacturing back to the US.
>> @SamsungAustin says their operations in Austin and expansion in Taylor have contributed $26.8 billion to the Texas economy Samsung is hoping for Chips Act funding as announcements are expected to pick up over the coming weeks https://t.co/cYZECFjBKS
I wrote the CHIPS for America Act to boost U.S. production of semiconductor chips, a vital national security asset. Couldn't be more proud to see @Samsung leading that charge, strengthening our economy & supporting thousands of jobs right here in Central Texas! https://t.co/sSOlvIww3b
Texans want jobs — and @SamsungAustin is helping lead the way. The Austin plant has created and supported tens of thousands of jobs — and hundreds of millions of dollars in workers’ salaries. Overall, the Samsung plant has had a massive $26B impact on Central Texas. This is a…
Texans want jobs — and @AustinSamsung is helping lead the way. The Austin plant has created and supported tens of thousands of jobs — and hundreds of millions of dollars in workers’ salaries. Overall, the Samsung plant has had a massive $26B impact on Central Texas. This is a…
It’s worth noting the early Chips Act focus on so-called legacy chips—older models that are still essential to the economy The US is concerned about China’s growing legacy capacity & considering tariffs/other trade tools in addition to domestic subsidies: https://t.co/pAfxSEF7Sp https://t.co/aHv3yofBFV