The following can be attributed to Tony Bennett, president & CEO of the Texas Association of Manufacturers.

“Congress strengthened economic and national security in the United States today by passing the CHIPS Act to encourage domestic semiconductor manufacturing. This legislation is essential because semiconductors power almost every aspect of our lives and the chip shortage cost the U.S. economy more than $200 billion last year alone. Expanding manufacturers’ ability to make the products Americans need on American soil is good news for everyone.”

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Media contact: Gretchen Fox, 512-694-4326