Sen. John Cornyn (R-Texas) said the state's technology industry has seen significant growth in recent years, driven by companies and workers relocating from California.
In an interview with “Tech This Out,” Cornyn attributed the growth to Texas' business-friendly policies and lower cost of living compared to California. He also highlighted the relocation of Army Futures Command to Austin, which aims to foster cooperation between the military and the technology community.
Cornyn, who co-authored the CHIPS Act, said the bill was motivated by national security concerns. He said that during the COVID-19 pandemic, critical supplies such as personal protective equipment are mainly manufactured in China, highlighting the need for a secure domestic supply chain.
The senator said the CHIPS Act will help ensure a steady supply of advanced semiconductors used in everything from cell phones to military aircraft. He cited Samsung's recent $40 billion investment in a chip manufacturing facility in central Texas as an example of the bill's economic impact.
Cornyn said the CHIPS Act would also benefit technology startups by providing access to essential components. But he acknowledged that the industry's growth is putting a strain on the workforce and that universities and community colleges need to train more workers to meet demand.
Looking to the future, Cornyn said he believes Texas' high-tech industry is “in its infancy” and has great potential for future growth. He emphasized the importance of government policies that foster innovation and avoid stifling the industry through overregulation and taxation.
