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.