June 18 (Reuters) - Texas Instruments ( TXN ) said it
would spend more than $60 billion to expand its U.S.
manufacturing footprint, the latest chipmaker to ramp up
domestic production amid pressure from the Trump administration
to reshore the semiconductor supply chain.
The funds will be used to build or expand seven chip-making
facilities in Texas as well as Utah, and will create 60,000
jobs, TI said on Wednesday, calling it the "largest investment
in foundational semiconductor manufacturing in U.S. history".
The company did not give a timeline for the investment.
Unlike AI chip firms Nvidia ( NVDA ) and AMD, TI
makes analog or foundational chips used in everyday devices such
as smartphones, cars and medical devices, giving it a large
client base that includes Apple ( AAPL ), SpaceX and Ford Motor ( F )
.
The spending pledge follows similar announcements from
others in the semiconductor industry, including Micron,
which said last week that it would expand its U.S. investment by
$30 billion, taking its planned spending to $200 billion.
Analysts have said they see the spending commitments as
overtures to U.S. President Donald Trump, who has repeatedly
threatened to kill the $52.7 billion 2022 CHIPS and Science Act
and warned of potential new tariffs on semiconductor imports.
Texas Instruments ( TXN ), which won as much as $1.61 billion in
CHIPS Act funding last year, already has a large U.S. presence.
It had been building two facilities in Texas and one in Utah
as part of efforts to boost in-house manufacturing and stave off
rising competition from Chinese analog chipmakers.
Like other companies unveiling such spending commitments,
TI's announcement includes funds already allocated to facilities
that are either under construction or ramping up. It will build
two additional plants in Sherman, Texas, based on future demand.
"TI is building dependable, low-cost 300 millimeter capacity
at scale to deliver the analog and embedded processing chips
that are vital for nearly every type of electronic system," said
CEO Haviv Ilan.