Dallas-based Texas Instruments plans to invest more than $60 billion in semiconductor plants in the United States.
The announcement adds to the growing list of chipmakers pledging to invest in U.S. manufacturing amid President Trump’s efforts to shore up domestic supply chains amid ongoing trade tension with China.
TI says the total amount includes funds already allocated to facilities currently being built. In response to growing demand, the semiconductor company is set to begin constructing two factories in Sherman, Texas.
Even before the federal government began offering subsidies to help encourage domestic chip manufacturing, Texas Instruments had already begun a program to increase in-house production. According to the firm, enhancing domestic capabilities will help bolster its competitiveness, especially against rising competitors from China.
The iconic Dallas-based company is renowned in the fast-paced chip industry. Earlier this year, The Dallas Express reported that TI developed a microcontroller unit (MCU) that is only slightly larger than a couple of grains of sand. In fact, the 1.38 mm MCU is the world’s smallest, and more than a third smaller than the next-smallest device on the market.
“President Trump has made it a priority to increase semiconductor manufacturing in America — including these foundational semiconductors that go into the electronics that people use every day,” Commerce Secretary Howard Lutnick recently said about federal investment supporting TI, per Bloomberg.