A naukri.com initiative
Silicon
1M
40
Image Credit: Silicon
Texas Instruments Increases US Investment, Amid Trump Onshoring Drive
- Texas Instruments (TI) has pledged to increase its US chip manufacturing with a $60 billion investment, aiming to create over 60,000 new jobs.
- The company plans to build seven semiconductor fabs in Texas and Utah, expanding on previous plans under the Biden administration.
- Texas Instruments received a $1.6 billion grant under the Chips and Science Act for new chip manufacturing plants, with uncertainty about the delivery of the award.
- The Trump administration is reportedly renegotiating semiconductor grants previously authorized by President Biden.
- Despite Trump's previous criticisms of Biden's US Chips Act, Texas Instruments announced its record investment in semiconductor manufacturing in the US.
- The investment includes plans for four fabs in Sherman, Texas, with a total investment of up to $40 billion.
- Texas Instruments aims to support American innovation and technology alongside companies like Apple, Ford, and SpaceX.
- The company's CEO highlighted the importance of semiconductor manufacturing for various electronic systems, emphasizing their role in American innovation.
- The US Secretary of Commerce praised the partnership with Texas Instruments, emphasizing the importance of increasing semiconductor manufacturing domestically.
- Texas Instruments is a significant semiconductor manufacturer in the US, providing chips crucial for smartphones, vehicles, data centers, and various electronic devices.
Read Full Article
2 Likes
For uninterrupted reading, download the app