09:13 AM EDT, 06/18/2025 (MT Newswires) -- Texas Instruments ( TXN ) shares were over 1% higher premarket Wednesday after the company said it will invest over $60 billion to expand its US semiconductor manufacturing capacity.

The company said the plan includes seven fabs across three sites in Texas and Utah and is expected to support more than 60,000 US jobs.

Texas Instruments ( TXN ) said that up to $40 billion of the investment will go toward four fabs in Sherman, Texas.

The expansion aims to meet growing demand for analog and embedded processing chips used in electronics, vehicles, data centers, and other products, the company said.

Texas Instruments ( TXN ) said it is currently ramping up production at its fabs in Sherman and Richardson in Texas, and in Lehi, Utah.

The first Sherman fab is scheduled to begin production this year, with additional facilities in various stages of construction or planning, the company said.