Texas Instruments (TI), one of the world’s largest semiconductor companies and headquartered in Dallas, recently announced similar plans—none like this. They’ll pump more than $60 billion into increasing chip manufacturing here in the United States. This program is being touted as the largest investment in US history for foundational semiconductor manufacturing.
The company plans to have seven new or expanded chip-making facilities. These projects join other initiatives that are expanding its production footprint in Texas and Utah, more than quadrupling the company. Through this investment, TI anticipates creating approximately 60,000 jobs. This bold step will stimulate job creation and increase economic opportunity, while nurturing and attracting a new innovation economy to the nation.
Today, Texas Instruments has 15 sites worldwide, including manufacturing fabs in the US and Asia. This new production infrastructure will help address the growing demand for semiconductors. This decision is made as the industry continues to wrestle with pervasive supply chain issues.
Texas Instruments has announced a $30 billion investment. They hope to spend upwards of $18 billion building three new facilities. This announcement follows on the heels of the Biden administration finalizing a $1.6 billion subsidy to help propel the company’s expansion and its electric vehicle production efforts.
US Secretary of Commerce Howard Lutnick commented on the significance of this investment, stating, “President Trump has made it a priority to increase semiconductor manufacturing in America.” With an eye toward the future, the federal government is working to lessen reliance on foreign semiconductor production. This effort has been compounded by increasing geopolitical tensions.
The announcement follows previous pressures from former President Donald Trump, who urged major semiconductor manufacturers, including Texas Instruments, to ramp up domestic production. Trump even threatened to revoke the $52.7 billion CHIPS and Science Act if companies didn’t act on his wishes. He further cautioned against any incoming tariffs on semiconductor imports.
Critics charge that TI’s massive spending is merely a strategy to buy support from government leaders. They further believe that it will assuage concerns about its parent company’s production capacity.
“Our partnership with TI will support US chip manufacturing for decades to come.”
Second, Texas Instruments is undertaking a historic investment that could reshape and even stabilize the semiconductor industry’s boom-and-bust cycles. This move not only cements the company’s place as a leading player in the future of American technology.