Texas Instruments to make 'historic' $60bn US chip investment
Summary
Texas Instruments plans to invest over $60 billion in the United States to build or expand seven new chip-making facilities in Texas and Utah. This is described as the largest investment in basic semiconductor manufacturing in U.S. history and aims to create 60,000 jobs.Key Facts
- Texas Instruments will invest more than $60 billion in the U.S. for semiconductor manufacturing.
- The plan includes building or expanding seven facilities at three sites in Texas and Utah.
- The investment is expected to create 60,000 jobs.
- This move is part of efforts to increase semiconductor manufacturing in the U.S., as encouraged by President Trump.
- The company operates 15 sites globally and serves clients like Apple, SpaceX, and Ford.
- Texas Instruments focuses on foundational chips used in various devices like smartphones and cars.
- The announcement includes previously planned spending and some analysts view it as a response to political pressures.
- There are threats of new tariffs on semiconductor imports, adding urgency to local production.
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