Texas Instruments to Invest $60 Billion in Chip Production

Texas Instruments plans a $60 billion investment to supersize its fabrication facilities in the US. The company said that the investment would increase the number of domestic jobs in building and operating the sites.

The investment covers seven fabs across three sites in the US states of Texas and Utah, with up to 60,000 domestic jobs expected to be supported. Texas Instruments branded the plan as the largest investment in foundational semiconductor manufacturing in US history. Up to $40 billion is to go towards four facilities in Texas, with two more fabs to be added to a pair already being built. Texas Instruments said another site in the state continues to ramp up to full production.

The company is already building a second 300mm wafer fab in Utah while upping the output of an existing facility at the site, with the pair ultimately being connected. The US government welcomed the investment. Secretary of Commerce Howard Lutnick noted President Donald Trump has made it a priority to increase semiconductor manufacturing in the nation. Lutnick said the collaboration between the nation and Texas Instruments would support US chip manufacturing for decades to come.

Texas Instruments president and CEO Haviv Ilan said the 300mm capacity being created will help deliver the analog and embedded processing chips that are vital for nearly every type of electronic system. Companies including Apple, Nvidia, and SpaceX were tipped by Texas Instruments as being among the key beneficiaries of its investment. Texas Instruments finalized a $1.6 billion direct funding scheme with the government in December 2024 to contribute to the cost of building three of the 300mm wafer fabs in Texas and Utah.