Virginia · 2025 Regular Session · Bill
SB 1208: 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
SB 1208 is a bill introduced in the Virginia Senate on January 8, 2025. According to its official title, it concerns: Current and Mature Semiconductor Technology Grant Fund; established. Primary sponsor: Louise Lucas (Democratic). It lists 1 additional sponsor. Most recent recorded action (March 18, 2025): Acts of Assembly Chapter text (CHAP0045).
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 HB 2358.
Sponsors
Sponsors by party (alphabetical): Democratic 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Louise Lucas | Primary sponsor | Democratic | Senate | 18 |
| Jennifer Carroll Foy | Co-sponsor | Democratic | Senate | 33 |
“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 (CHAP0045)
- Approved by Governor-Chapter 45 (Effective 07/01/25)
- Governor's Action Deadline 11:59 p.m., March 24, 2025
- Enrolled Bill Communicated to Governor on March 3, 2025
- Signed by President
- Signed by Speaker
- Fiscal Impact Statement from Department of Planning and Budget (SB1208)
- Bill text as passed Senate and House (SB1208ER)
- Enrolled
- Passed House (88-Y 9-N)
- Read third time
- Moved from Uncontested Calendar to Regular Calendar
Showing 12 most recent of 30 actions. Full history