Congressman Michael McCaul also discussed why it’s important for the U.S. to lower its dependence on China and Taiwan.The Biden Administration will award more than $6 billion to South Korea’s Samsung so it can dramatically ramp up its central Texas chip production.
We asked Congressman Michael McCaul, R-Austin, who co-authored the bill that made the funding possible, just how important this is for Texas.The funding comes from the 2022 Chips and Science Act. You already know first-hand just how important this is, as these chips are in everything you use, from your car to your phone.
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