Rep. Cuellar Votes to Boost American Manufacturing, Science, and Innovation
Semiconductor Chips Are Integral To Everyday Life: From Cars To Refrigerators. But Most Are Not Made In The U.S. Threatening National Security, Worsening Inflation and Increasing Costs For Families, & Weakening U.S. Competitiveness Texas will score jobs and a boom to economy with passage of CHIPS Legislation
Washington | Dana Youngentob, DC Press Secretary (202-340-9148), July 28, 2022
Tags: Trade and Economy
Washington, DC–Today, U.S. Congressman Henry Cuellar (TX-28) voted for H.R. 4346, The CHIPS and Science Act. This legislation makes historic investments to surge production of American-made semiconductors, tackle supply chain vulnerabilities, bolster America’s scientific research and technological leadership, and strengthen America’s economic and national security. The legislation will positively impact Texas with jobs and an economic boom.
“Today, I voted to usher in a bold future for American science and innovation,” said Congressman Cuellar. “Semiconductors power our cellphones, microwaves, cars, and so much more. With today’s vote, we are ensuring this vital technology is made right here at home. This legislation will provide major support for Texas MEP to shore up our domestic STEM workforce and revitalize support for our premier research institutions. Thank you to my colleagues, on both sides of the aisle, for prioritizing American jobs and American manufacturing. I am proud of Congress for coming together to pass this historic legislation, and look forward to it being enacted into law.”
The Texas Manufacturing Network will surge with this legislation. Currently, Texas manufacturers create and retain more than 70,000 jobs, save consumers $2.4 billion and have $7.8 billion in sales. These number are only likely to increase with the passage of CHIPS.
Currently, only 12% of chips are manufactured domestically, compared to 37% in the 1990s. Many foreign competitors, including China, are investing heavily to dominate the industry. Nearly 75% of global semiconductor production is now occurring in East Asia and foreign government subsidies drive the majority of the cost difference for producing semiconductors overseas. This legislation would help turn the tide on this trend by bringing manufacturing back to America, along with investing in other key technology and R&D so Texas and the United States can lead the world in innovation.
Specifically, the legislation incudes: