The COVID pandemic exposed a major vulnerability for the United States—for decades, computer chip makers had increasingly moved production overseas, chasing low manufacturing costs. When COVID disrupted international supply chains, chips needed at all levels of industry were suddenly in scarce supply, throwing the economy into turmoil.
The chip shortage prompted Congress to pass the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act in 2022, authorizing $280 billion to reinvigorate domestic manufacturing and spur advanced research. TXST joined that effort this summer as part of the Texas Institute for Electronics (TIE), a consortium of universities and tech companies working on an $840 million Department of Defense initiative to expand domestic semiconductor production.