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Texas Instruments to Invest Over $60 Billion to Manufacture Semiconductors in US
- Texas Instruments (TI) plans to invest over $60 billion in semiconductor fabs across the US, the biggest investment in US semiconductor manufacturing history.
- The investment aims to address the increasing demand for crucial chips in industries like automotive and data centers.
- New facilities in Texas and Utah will create over 60,000 new jobs, with $40 billion for four new fabs in Sherman, Texas.
- US commerce secretary highlights the partnership's significance in supporting US chip manufacturing for the long term.
- Texas Instruments is dedicated to enhancing domestic semiconductor production in collaboration with the US government.
- TI's new fabs will focus on producing chips for smartphones, vehicles, satellites, and more, with partnerships across several leading companies.
- The Sherman sites will play a crucial role in TI's semiconductor efforts, alongside facilities in Richardson, Texas, and Lehi, Utah.
- The company aims to drive innovation in various industries like automotive, healthcare, AI, and satellite communications through its increased production.
- Texas Instruments' investment underscores its commitment to US manufacturing and technology leadership in the global market.
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