Texas Instruments to invest $60 billion in semiconductor facilities in Utah and Texas

Texas Instruments plans to invest over $60 billion in semiconductor manufacturing facilities to strengthen the domestic supply chain and support the Trump administration‘s goal of increasing U.S. chip production.

The global semiconductor company announced on Wednesday plans to invest billions of dollars to build seven semiconductor fabrication plants, while expanding its manufacturing capacity at three sites in Texas and Utah. TI aims to grow the supply of semiconductors used in various devices, such as smartphones, laptops, and vehicles.