Virginia · 2025 Regular Session · Bill
HB 2358: Current and Mature Semiconductor Technology Grant Fund; established.
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 2358 is a bill introduced in the Virginia House on January 8, 2025. According to its official title, it concerns: Current and Mature Semiconductor Technology Grant Fund; established. Primary sponsor: Luke Torian (Democratic). It lists 1 additional sponsor. Most recent recorded action (March 18, 2025): Acts of Assembly Chapter text (CHAP0034).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Current and Mature Semiconductor Technology Grant Fund. Establishes the Current and Mature Semiconductor Technology Grant Fund to, subject to appropriation, fund 15 annual grant award installments, in an aggregate amount not to exceed $60 million, to a qualified company that engages in the manufacture of semiconductors and that executes a memorandum of understanding with the Commonwealth and, on and after July 1, 2024, but before June 30, 2040, is expected to (i) make a capital investment, defined in the bill, of at least $2,170,130,850 and (ii) create and maintain at least 340 new full-time jobs, in an eligible locality, defined in the bill. The bill also authorizes bonus grants of up to $10 million that a qualified company may earn for certain new full-time job creation and maintenance. The bill also repeals the existing Semiconductor Manufacturing Grant Fund and is identical to SB 1208.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Luke Torian | Primary sponsor | Democratic | House | 24 |
| Michelle Lopes Maldonado | Co-sponsor | Not applicable (committee) | — | — |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Acts of Assembly Chapter text (CHAP0034)
- Approved by Governor-Chapter 34 (Effective 07/01/25)
- Governor's Action Deadline 11:59 p.m., March 24, 2025
- Enrolled Bill communicated to Governor on February 18, 2025
- Signed by President
- Fiscal Impact Statement from Department of Planning and Budget (HB2358)
- Signed by Speaker
- Bill text as passed House and Senate (HB2358ER)
- Enrolled
- Passed Senate (39-Y 0-N)
- Read third time
- Passed by for the day
Showing 12 most recent of 27 actions. Full history