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Texas governor Greg Abbott announced on Sunday that his state “will be home to semiconductor manufacturing going forward” as chip shortages continue to plague companies around the world.

“The country made a mistake in the last decade or two for manufacturing all these essential supplies, whether it may be semiconductors now or the health care supplies that we needed at the time of COVID, whatever the case may be, it is not up to us. need to live China Or for our essential needs in other countries, for things like semiconductors,” the Republican governor argued during an exclusive interview.Sunday morning promise,


“That’s why Texas is really moving forward, becoming home to the semiconductors that go into everything that people use,” he said.

“It’s not just your iPhone or your laptop or whatever the case may be,” he said. “It’s also in all the vehicles you’re building.”

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As Abbott said on Sunday, the semiconductor chip shortage was sparked by certain regulations implemented and decisions made during the COVID-19 pandemic.

The shortage hit the auto sector heavily throughout the year. General Motors announced that it had to reduce some truck production in North America due to global chip shortages. Ford has also withdrawn production at several factories.

Ford, Global Foundries Team Up on Chip Shortage: ‘Just the Beginning’

Abbott and Samsung Electronics Co. announced late last month that the South Korean tech giant would build a $17 billion semiconductor factory in Taylor, Texas.

The governor described the move as “the biggest foreign direct investment in the state” during a press conference. Texas sometimes.”

Vice Chairman and CEO, Samsung Electronics Device Solutions Division, Dr. Kinam Kim said Samsung expects more than 2,000 hi-tech jobs directly with the plant in Taylor and thousands more related to the plant fully operational.

The chip-making factory coming to Taylor will also be the biggest Investment Made by Samsung in the US, the firm’s “total investments in the US have exceeded $47 billion since it began operations in the country in 1978,” the company said in a news release.

Tesla also disclosed last week that it is now a Texas-based company, according to paperwork filed with the SEC on Wednesday.

The automaker announced that its corporate headquarters are now located at the Gigafactory in Austin.

Elon Musk announced plans to move Tesla’s headquarters from California during an October shareholder meeting, after a year of friction with the state’s government over COVID rules and a tweet from California state legislature Lorena Gonzalez said that “F—k Elon Musk,”

Musk also said that the company was reaching the limits of expansion at its native Fremont, California, factory, and that the huge Texas facility provided more growth opportunities.

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Abbott told host Maria Bartiromo that in the first 11 months of 2021 “there have been 70 businesses and corporations that have moved their headquarters to the state of Texas.”

“If you look at the average, that means there’s a new headquarters in Texas every five days,” he continued, noting that Tesla was one of those companies.

Abbott also pointed to Samsung’s investment in Taylor.

“This is in addition to an announcement from the week where Texas Instruments announced a $30 billion investment for semiconductors,” the governor said.

“They will help with the semiconductor supply chain process.”

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Abbott said the economy in Texas is “growing and thriving,” stressing that businesses are moving to the state “because Texas is a land of economic opportunity and innovation.”

The reason “so many businesses” are moving to Texas, he said, is “there is no mandate that violates personal liberties.”

“Texas has been very aggressive about legally challenging all of these mandates that the Biden administration has put in place with respect to COVID,” he told Bartiromo.

“And whether it’s the vaccine mandate or the mask mandate – whatever it is – we’ve been winning them all in the courts.”

“The only mandate that applies is my executive order that states that no one in the state of Texas can be mandated to get a vaccine shot,” Abbott said, noting that a COVID vaccine “is not available to anyone.” is also available to those who want it, but may not have it.” Violates personal liberty.”

Granthshala Business’ Braque Dumas, Gary Gastelu, Audrey Conklin and Jessica Chasmar contributed to this report.