Texas Instruments is making the largest-ever investment in US semiconductor manufacturing, committing over $60 billion to expand its chip production capacity. The Dallas-based company announced plans to build or upgrade seven semiconductor fabrication plants across Texas and Utah – an unprecedented move aimed at strengthening America’s domestic chip supply. TI’s massive bet will span three “mega-site” campuses in Sherman and Richardson, Texas and in Lehi, Utah, and is expected to support more than 60,000 new US jobs.
Largest-Ever US Chip Investment Fuels Tech Revival
For nearly a century, Texas Instruments has been a bedrock American tech company, and its new investment is aiming to turbocharge the US semiconductor sector. TI’s plan far surpasses recent individual chip-factory investments by other firms, showing the overall scale of its commitment. Industry-wide, chipmakers have been ramping up US manufacturing in light of the global supply chain concerns and government incentives. Commerce Secretary Howard Lutnick praised TI’s expansion as a timely boost to American innovation, saying that “our partnership with TI will support US chip manufacturing for decades to come.” The announcement comes as the government encourages companies to build more at home; the Department of COmmerce has even awarded TI up to $1.6 billion in federal funding through the CHIPS and Science Act to help finance the new fabrication plants. Chipmakers globally are also rapidly growing, with aims to expand in capacity within the US. For example, TSMC recently pledged to invest $100 billion in its American facilities. However, regardless of all of this, TI’s move still stands out as they are focusing on foundational analog chips that are vital to everyday items, rather than just cutting-edge processors.
Seven New Fabs in Texas and Utah
TI’s manufacturing expansion will mainly be focused at three US sites. Its largest mega-site is located in Sherman, Texas, and will receive up to $40billion to build four wafer fabs (designated SM1 through SM4)