Texas Instruments Details $60B U.S. Chip Expansion

Texas Instruments has announced a historic investment of over $60 billion to expand U.S. semiconductor manufacturing across seven fabrication plants at mega-sites in Sherman and Richardson, Texas, and Lehi, Utah. The Sherman site will receive $40 billion and is set to host four fabs, with initial chip shipments expected by the end of the year. This expansion, the largest capital commitment for foundational chipmaking in U.S. history, aims to boost production of analog and embedded chips used in automotive, data centers, and consumer electronics for clients such as Apple, Ford, Medtronic, Nvidia, and SpaceX. The project is expected to support over 60,000 U.S. jobs and has garnered $1.6 billion in CHIPS Act funding along with bipartisan federal support. The initiative seeks to reduce U.S. reliance on overseas chip production amid geopolitical tensions and rising demand driven by AI adoption. Texas Instruments' move reflects a wider industry trend of major domestic semiconductor investments.