Computer chip giant Texas Instruments (TI) said Wednesday it will invest more than $60 billion to expand semiconductor manufacturing in the United States.
In a press release, the company said the investment will fund construction and expansion of seven plants in Texas and Utah. TI said the move will create over 60,000 jobs and help increase domestic production of foundational chips used in phones, cars, and computers.
TI said it is working with President Donald Trump’s administration to boost U.S. chip manufacturing. “President Trump has made it a priority to increase semiconductor production in America,” said U.S. Commerce Secretary Howard Lutnick. “Our partnership with TI will support U.S. chip manufacturing for decades to come.”
TI called the expansion the largest investment in foundational semiconductor manufacturing in U.S. history. The company, based in Dallas, supplies chips to Apple, Ford, SpaceX, and others.
“TI is building dependable, low-cost 300mm capacity at scale to deliver the analog and embedded processing chips that are vital for nearly every type of electronic system,” said Haviv Ilan, president and CEO of TI. “Leading U.S. 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 U.S. government to unleash what’s next in American innovation.”
TI’s announcement follows similar moves from other tech companies. Micron said last week it would invest $200 billion in the U.S., and Apple plans to spend $500 billion to grow its American operations. GM, Oracle, and SoftBank also announced major U.S. investments.
Some analysts suggest that these large spending announcements may be intended to appease Trump, who has repeatedly threatened to repeal the $52.7 billion CHIPS and Science Act introduced by his predecessor, Joe Biden.
