The deal comes as the federal government is distributing tens of billions of dollars for the construction of computer chip plants in the United States, an effort aimed at reducing the nation’s increasing dependence on supply chains running through Asia.

In a statement Monday, President Joe Biden said the funding would “cement central Texas’s role as a state-of-the-art semiconductor ecosystem.”

“These facilities will support the production of some of the most powerful chips in the world, which are essential to advanced technologies like artificial intelligence and will bolster U.S. national security,” he said.