Texas will become home to semiconductor manufacturing in the future amid the global semiconductor shortage, said Texas Governor Greg Abbott on Sunday.
“The country made a mistake over the past one or two decades to farm out manufacturing of all these essential supplies, whether it be now semiconductors or could be health care supplies that we needed during the time of COVID, whatever the case may be, we need to not depend upon China or other countries for our essential needs, for things like semiconductors,” the Republican governor said to Sunday Morning Futures in an interview.
In recent times, Texas saw several companies moving their base to the city. Samsung and Tesla decided to move to Texas for their semiconductor shortage solutions. Last month, Samsung announced the establishment of a $17 billion semiconductor fab in the south of Austin, Texas. Construction of the plant will begin in 2022 and the production is expected to start from 2024. Once it will be operational, it is estimated to provide 2000 high-tech jobs and thousands of related jobs, according to the vice president and chief executive officer of Samsung’s electronic device solutions division, Kinam Kim. The chips manufactured in this new fab will be used in all electronic devices, automotive, smartphones, gaming consoles.
Tesla has also announced that it will relocate its headquarters from California to Austin, Texas, a newly constructed mega plant. 70 other companies also relocated their headquarters to Texas in the first 11 months of 2021.
Recently, Texas has taken steps in this direction and even absorbed a large number of business investments and settlements.
Abbott also mentioned that businesses have been moving to Texas as the city is rich in economic possibilities and innovation, with no restrictions on personal liberty.
