Texas is pumping in US$1.4 billion into microchip research and manufacturing initiatives, aiming to attract new investments and secure federal grants. This initiative comes in response to the federal CHIPS Act, which allocates funds to boost semiconductor manufacturing in the U.S. Texas is set to receive substantial investments, including new semiconductor fabs and expansions of existing facilities. Texas A&M and the University of Texas will also play a role in advancing chip technology. This sector relies on helium in its manufacturing process and will likely boost helium demand.
Texas Pumps in US$1.4bn in the Semiconductor Industry
Updated: Oct 2, 2023