Texas Instruments to Make Historic $60B+ Investment in US Semiconductor Manufacturing

This will be happy news for US President Donald Trump, who has been imposing tariffs to encourage domestic manufacturing.

Texas Instruments has announced plans to invest more than $60 billion on semiconductor manufacturing in the US. The money will be allocated to building or expanding seven large-scale fabs in Texas and Utah that, combined, are projected to produce hundreds of millions of chips each day.

This is likely to be welcome news for US President Donald Trump, who has reiterated threats of import tariffs, including one specifically targeting semiconductors, to encourage domestic manufacturing. US chip developers face stiff competition from China, particularly as artificial intelligence has driven up demand for data centres and consumer devices.

“For nearly a century, Texas Instruments has been a bedrock American company driving innovation in technology and manufacturing,” US Secretary of Commerce Howard Lutnick said in a press release.

“President Trump has made it a ...