Texas Instruments unveils $60 billion 'historic' plan to expand US chipmaking
SMRTR summary
Texas Instruments will invest over $60 billion to expand US semiconductor manufacturing, creating 60,000 jobs across seven plants in Texas and Utah. Focused on 300-millimeter analog and embedded processing chips, the initiative aims to strengthen domestic production and reduce overseas dependence. The investment includes up to $40 billion for four fabs in Sherman, Texas, with expansions in Richardson, Texas, and Lehi, Utah. This aligns with government efforts to boost US chip manufacturing and follows Texas Instruments' $1.6 billion CHIPS Act funding received last year.
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