Texas Instruments Claims To Make History With $60B Investment On US Chip Fabs

Texas Instruments has committed to spending more than $60 billion to expand its U.S. manufacturing capacity, marking what the company claims is the largest-ever investment in foundational semiconductor manufacturing in the history of the U.S. As part of the expansion, Texas Instruments says its investment will support more than 60,000 jobs at its new manufacturing mega-sites in Texas and Utah. The announcement follows similar ones from the likes of TSMC and others.

The massive investment will see Texas Instruments build and ramp seven large-scale connected fabs, including two new facilities in Texas. Its first new fab site, called SM1, is located in Sherman, Texas and is slated to begin initial production this year, three years after first breaking ground.

Additionally, Texas Instruments says construction is already complete on the exterior shell of a second new fab in Sherman called SM2, while incremental investment plans will see two ...