#United States #Semiconductors #U.S. Manufacturing #Texas Instruments #Sherman, Texas

Texas Instruments Unveils $60 Billion Investment Plan

Texas Instruments (TI) is embarking on a historic investment to boost semiconductor manufacturing in the United States, committing over $60 billion for the establishment of seven new semiconductor fabs across Texas and Utah. This monumental investment represents the largest in foundational semiconductor production within U.S. history and is a strategic move to enhance the U.S. technological ecosystem.

A Strategic Collaboration

Leading U.S. companies, including Apple, Ford, Medtronic, NVIDIA, and SpaceX, are collaborating with Texas Instruments to drive the next wave of American innovation. By harnessing TI's extensive technology and manufacturing capabilities, these partnerships aim to push the boundaries of what is achievable through electronics across various sectors, including automotive, healthcare, and data centers.

Expanding American Jobs

The initiative is poised to support over 60,000 new jobs in the U.S. as TI works to ramp up production at its mega-sites. TI's largest mega-site located in Sherman, Texas, will see significant investments of up to $40 billion dedicated to constructing multiple semiconductor fabs (SM1 and SM2), with plans for additional fabs (SM3 and SM4) in the future. This growth effort is crucial as the demand for reliable and advanced semiconductors continues to surge due to the ongoing technology revolution.

Building on a Legacy

TI's commitment to expanding its U.S. manufacturing footprint builds on the company's nearly 100-year legacy as a leader in semiconductor innovation. The investment reflects the company's dedication to meeting the ever-growing need for essential chips used in nearly every electronic device, from smartphones to satellites.

Strengthening American Innovation

As the largest foundational semiconductor manufacturer in the U.S., Texas Instruments is committed to producing analog and embedded processing chips, which are critical components in a variety of technologies. TI's President and CEO, Haviv Ilan, emphasized the company’s efforts to deliver reliable and cost-effective semiconductor solutions that drive critical innovations across industries.

Partners in Progress

Apple

Apple's CEO, Tim Cook, noted, "Texas Instruments’ American-made chips help bring Apple products to life, and together, we’ll continue to create opportunity, drive innovation, and invest in the future of advanced manufacturing across the U.S."

Ford

Jim Farley, President and CEO of Ford Motor Company, shared, “At Ford, 80% of the vehicles we sell in the U.S. are assembled domestically. We are proud to stand with technology leaders like TI that continue to invest in manufacturing in America."

Medtronic

Geoff Martha, chairman and CEO of Medtronic, highlighted the importance of TI’s contributions during global chip shortages, stating, "Texas Instruments has been a vital partner in delivering life-saving medical technologies that rely on semiconductors."

NVIDIA

Jensen Huang, founder and CEO of NVIDIA, expressed enthusiasm over their collaboration with TI to revitalize U.S. manufacturing, saying, "We look forward to continuing our work with TI by developing products for advanced AI infrastructure."

SpaceX

At SpaceX, Gwynne Shotwell, president and COO, acknowledged TI’s role in powering their Starlink satellite internet service, stating, "TI's U.S.-made semiconductors are crucial for securing a domestic supply chain for our products."

Conclusion

Texas Instruments' overwhelming investment signifies a pivotal moment for semiconductor manufacturing in the U.S. With substantial backing from both the government and private sector, TI aims to lead the way toward a more innovative and self-reliant technological future. As the company ramps up its production capabilities, the broader implications for American jobs and industries are expected to be profound and far-reaching.