Pros
Texas enjoys a lower cost of living and there are no state taxes. Consequently you save more and enjoy a better quality of family life
Cons
Classic old-age politics exist. Management and senior management are detached from technology changes. Schedule pressures are rampant with bad decisions being made to get product out on schedule with possible silicon failure. Severe understaffing within projects and only new-grads being hired which stresses the senior staff even more. No value for technical inputs from senior technical folks, rather ill-informed partially knowledgeable managers are being tapped from above for feedback. Useless focus on ridiculous cost-savings within the technical staff when so much is blown up on management travel that achieves nothing of value. No career growth path and most engineers have resigned to the fact of being assembly line workers in a high-tech industry.