Question

How did the development of semiconductor affect the Texas economy

Answer 1

Gross Domestic Product is a measurement of the size and strength of an economy. As of 2019, the United States has a GDP of $21.4 trillion, making it the world's largest economy, followed by China, Japan and Germany, according to the IMF. Texas has a GDP of $1.9 trillion.

Answer 2

It provided the foundation for the computer industry, creating a new "boom-and-bust" cycle.