Texas Republicans and Democrats push to make state center of global semiconductor industry

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Nederland Laatste Nieuws,Nederland Headlines

A bipartisan group of Texans is pushing for the state to become the central hub for the global semiconductor industry.

Sen. Ted Cruz and his 2024 Democratic opponent, Rep. Colin Allred , were both leading proponents of adding language to this year's National Defense Authorization Act which would help streamline environmental review requirements in new investments in the state's semiconductor industry, the Texas Tribune reported, a move which many believe would greatly increase competitiveness and encourage further investment.

The Building Chips in America Act would exempt certain projects funded by last year's CHIPS and Science Act from environmental review under the National Environmental Policy Act. For the remainder, it would put the Commerce Department in charge of environmental review, eschewing the need for duplicate studies from other federal agencies.

“This bipartisan bill is a common-sense change that will ensure that the CHIPS Act delivers on its promise and these critical projects can get approved,” Allred said in a statement.As tensions with China escalate, there has been an increasing worry in Congress that the United States could fall behind in certain sectors of the tech industry. Semiconductors have taken center stage, as the component crucial in most technology today is largely dominated by China, Taiwan, and South Korea.

Last year's CHIPS and Science Act, which heavily promoted the semiconductor industry in the U.S., was supported by Sen. John Cornyn . Though most Texas Republicans ultimately voted against the act over fears it would foster corruption, they have gone on to promote the industry in other ways.

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Nederland Laatste Nieuws, Nederland Headlines