Investment Details
Texas Instruments (TI) plans to invest over $60 billion to establish or expand seven semiconductor fabrication plants across the United States, marking it as the largest capital spending in semiconductor manufacturing in U.S. history.
The investment will be distributed among three sites in Texas and Utah, aiming to bolster the domestic supply chain and support the U.S. government's initiatives to increase chip production.
Economic Impact and Context
The initiative is expected to create 60,000 jobs, contributing significantly to the U.S. economy and addressing the growing demand for semiconductors in smartphones, laptops, and vehicles.
This announcement follows a similar commitment from Micron, which plans to invest $200 billion in the U.S., reflecting a broader trend of increasing domestic semiconductor production amidst global supply chain challenges.