U.S. Sen. Ted Cruz (R-Texas) has expressed his support and admiration towards Samsung for securing significant federal funding for their semiconductor manufacturing facilities in Taylor and Austin, Texas. The investment, totaling up to $6.4 billion, is expected to generate over 20,000 jobs in the region.
In a statement, Sen. Cruz emphasized the importance of the investment for national security goals and reducing America's reliance on foreign semiconductors. He highlighted the necessity of passing bipartisan permitting reform legislation to ensure projects like Samsung's can proceed without delays that could jeopardize national security. Sen. Cruz's bipartisan bill has already passed the Senate and is awaiting action in the House of Representatives.
Sen. Cruz has been actively involved in efforts to bolster the semiconductor industry in the United States, particularly in Texas. His initiatives include streamlining federal environmental reviews for semiconductor plant construction and advocating for regulatory reforms to support American innovation. The senator's dedication to advancing the semiconductor sector was underscored by his successful bipartisan efforts in the Senate, as well as endorsements from key figures such as Secretary of Commerce Gina Raimondo.
Furthermore, Sen. Cruz has been a staunch advocate for Texas innovators, pushing for their inclusion in key legislative acts and programs. His commitment to promoting business growth and innovation is evident in his authorship of impactful legislation such as the CREATE JOBS Act and the Facilitating American-Built Semiconductors (FABS) Act.
For his unwavering support of Texas innovators and efforts to drive economic growth through technological advancement, Sen. Cruz was honored with the U.S. Chamber of Commerce's prestigious "Spirit of Enterprise" award.
Sen. Cruz's dedication to strengthening the semiconductor industry in Texas and across the nation reflects his commitment to fostering innovation, creating jobs, and enhancing national security.