US chip giant Texas Instruments has pledged a historic investment of over $60 billion in the US, with plans to build or expand seven chip-making facilities at three sites in Texas and Utah, creating 60,000 jobs. The company described the move as the “largest investment in foundational semiconductor manufacturing in US history.”
This follows similar announcements from other manufacturers like Micron, which announced increased spending of $200 billion in the US. The move is seen as a response to President Trump’s pressure on big technology firms to increase manufacturing in the country.
The partnership with TI will support US chip manufacturing for decades to come, according to the US Secretary of Commerce Howard Lutnick. However, some analysts question the true intentions behind these major spending pledges, as they may be an attempt to placate Trump.
Texas Instruments operates 15 sites globally, including facilities in the US and Asia. Its products are used in various devices such as smartphones and cars, with notable customers including Apple, SpaceX, and Ford.
Source: https://www.bbc.com/news/articles/c5yl0877zzmo