Texas Instruments is investing $60 billion in seven semiconductor manufacturing plants (Fabs), which the company says is the largest investment in U.S. history. The seven factories will be distributed across three locations in Texas and Utah, creating 60,000 new jobs.
This move is part of the “issuance” campaign, part of the campaign start In Joe Biden’s administration and continue Under President Donald Trump, in order to cope with the Asian dominance of the semiconductor industry. Semiconductors are an important part of modern life’s vehicles, computers, smartphones and other key components.
Texas Instruments CEO Haviv Ilan Press release“Leader American companies such as Apple, Ford, Medtronic, Nvidia and SpaceX rely on TI’s world-class technology and manufacturing expertise, and we are honored to work with them and the U.S. government to unleash the next step in American innovation.”
Commerce Secretary Howard Lutnick praised the investment, as did Apple CEO Tim Cook and NVIDIA CEO Jensen Huang. “At Ford, 80% of the vehicles we sell in the U.S. gather in the U.S., and we are honored to stand with technology leaders like TI who continue to invest in manufacturing in the U.S.,” said Ford CEO Jim Farley.
TI currently has two factories in the Dallas area. The first in Richardson dates back to 2009. The company broke into the ground in 2022 at a new company in Sherman, which will start production later this year. In the coming years, Sherman plans three more fabs. There is currently a factory in Lehi, Utah, south of Salt Lake City, where there is a second wafer fab.
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