San Antonio Mayor Gina Ortiz Jones meets with Taiwanese semiconductor firms to lure investment
San Antonio Mayor Gina Ortiz Jones met with Taiwanese semiconductor industry representatives to attract investment and high-paying jobs to the city. The meeting included local leaders and officials from companies like Foxconn, focusing on advanced manufacturing opportunities in electric vehicles and drones. Texas has positioned itself as a leader in semiconductor manufacturing, especially following the 2022 bipartisan CHIPS Act, which provides state and federal subsidies to manufacturers. While cities like Dallas-Fort Worth and Austin have successfully attracted semiconductor factories, San Antonio has not yet secured one since the Act’s enactment. Jones highlighted the collaboration among local business leaders, research institutions, and academia, expressing hope for future developments.
Securing a semiconductor plant could provide a significant economic boost, with salaries at similar facilities reaching up to $300,000 for senior roles. The meeting marks an important first step in Jones's plan to enhance San Antonio's economic landscape. The city's efforts reflect a broader trend of Texas becoming a hub for semiconductor manufacturing, attracting Asian manufacturers seeking U. S. operations.