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Texas Instruments to spend $60B to boost US chip manufacturing under Trump push
New York Postยท 2025-06-18 18:30
Core Viewpoint - Texas Instruments plans to invest over $60 billion to expand its manufacturing capabilities in the US, marking a significant move to enhance domestic semiconductor production amid governmental pressures [1][3][6]. Investment Details - The investment will be allocated to build or expand seven chip-making facilities across three sites in Texas and Utah, including two new facilities in Sherman, Texas [3][5]. - This investment is part of a broader strategy that includes a previous commitment of at least $18 billion under the $52.7 billion CHIPS and Science bill [2][6]. - The company aims to create 60,000 jobs through this investment, which it describes as the "largest investment in foundational semiconductor manufacturing in US history" [3][5]. Competitive Landscape - Texas Instruments is focusing on in-house manufacturing to counteract competition from Chinese analog chipmakers [6][9]. - Unlike AI chip firms such as Nvidia and AMD, Texas Instruments specializes in analog chips used in everyday devices, serving a diverse client base that includes major companies like Apple, SpaceX, and Ford [7][9]. Government Relations - The investment follows a finalized government subsidy of $1.61 billion from the Biden administration to support the construction of three new facilities [2][10]. - Analysts suggest that the spending plans may be seen as gestures towards the Trump administration, which has expressed concerns over semiconductor imports and the CHIPS and Science Act [9].