It becomes the latest chipmaker to announce plans to significantly ramp up domestic production amid pressure from the Trump administration to reshore the semiconductor supply chain.
Last year, the Biden administration agreed to a $1.61 billion government subsidy for Texas Instruments to support construction of three new facilities after the company announced plans to invest at least $18 billion under the $52.7 billion CHIPS and Science bill.
Now, TI is planning to spend $60 billion to build or expand seven chip-making facilities at three sites in Texas and Utah, including two new facilities in Sherman, Texas.
“TI is building dependable, low-cost 300mm capacity at scale to deliver the analogue and embedded processing chips that are vital for nearly every type of electronic system,” said Haviv Ilan, president and CEO of Texas Instruments. “Leading US companies such as Apple, Ford, Medtronic, NVIDIA and SpaceX rely on TI’s world-class technology and manufacturing expertise, and we are honored to work alongside them and the US government to unleash what’s next in American innovation.”
In what is being described as the, "largest investment in foundational semiconductor manufacturing in US history," over 60,000 new jobs could be created.
Texas Instruments has been building facilities in Texas and one in Utah in a bid to boost in-house manufacturing and stave off rising competition from Chinese analogue chipmakers.
Commerce Secretary Howard Lutnick said that the Texas Instruments investment would help to boost "foundational semiconductors that go into the electronics that people use every day. Our partnership with TI will support US chip manufacturing for decades to come."
The company did not provide a precise timeline for the investment.
