Passage of the CHIPS Act bill by the U.S. Senate is certain to accelerate technology investment in Texas even further and boost the construction industry by extension. More than $52 billion in subsidies and support will be available, plus billions more in additional tax breaks, for domestic semi-conductor manufacturing as part of a plan to repatriate production of critical technology.
Korean-based Samsung is far from the only major tech investment established in the state or planning further expansion. Apple is hoping to annex 53 acres of land next to its new four-building campus in north Austin now nearing completion. Additional employment projections are as high as 15,000 new workers across three million square feet of offices and other amenities that could include a hotel. The Austin operations are already Apple’s largest outside California.