Establishes "New Jersey Union-Led Semiconductor Innovation and Security Program."

This bill creates the New Jersey Union-Led Semiconductor Innovation and Security Program, which is designed to support semiconductor manufacturing and workforce development in the state. The program will be managed by the New Jersey Economic Development Authority in collaboration with state agencies, universities, and labor unions. Key provisions include funding apprenticeship opportunities that prioritize veterans, women, and underserved communities, providing financial assistance for research and production initiatives, and requiring recipients to follow prevailing wage rules and use apprenticeship programs. The bill also mandates that applicants disclose any foreign funding sources to ensure transparency.