![](https://static.wixstatic.com/media/c00ab6_687f2788b0a04e59bd8d1c6cd5cbbe8a~mv2.png/v1/fill/w_83,h_32,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/c00ab6_687f2788b0a04e59bd8d1c6cd5cbbe8a~mv2.png)
HB5174, the Text CHIPS Act,signed by Gov. Greg Abbott creates the Texas Semiconductor Innovation Consortium, which involves multiple higher-education institutions, and the Texas Semiconductor Innovation Fund to provide grants to companies that invest in the state at the cost of nearly $700 million.