Latest news with #CHIPSandScienceAct
New York Post
3 days ago
- Business
- New York Post
Texas Instruments to spend $60B to boost US chip manufacturing under Trump push
Texas Instruments said Wednesday it will spend more than $60 billion to expand its US manufacturing footprint, the latest chipmaker to ramp up domestic production amid pressure from the Trump administration to reshore the semiconductor supply chain. In December, the Biden administration finalized a $1.61 billion government subsidy for Texas Instruments to support construction of three new facilities after the company announced plans to invest at least $18 billion under the $52.7 billion CHIPS and Science bill. The company said Wednesday the $60 billion will be used to build or expand seven chip-making facilities at three sites in Texas and Utah, including two new facilities in Sherman, Texas, and will create 60,000 jobs, calling it the 'largest investment in foundational semiconductor manufacturing in US history.' Texas Instruments said the $60 billion investment will create 60,000 jobs and called it the 'largest investment in foundational semiconductor manufacturing in US history.' REUTERS In August 2024, the company said it could build seven chip-building facilities and spend up to $40 billion on its Sherman, Texas operations and $21 billion on Utah and other Texas plants. Texas Instruments has been building 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. The company did not give a precise timeline for the investment, which includes up to $46 billion in Texas and about $15 billion in Utah. Texas Instruments said its long-term CapEx plan is unchanged. Unlike AI chip firms Nvidia 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, SpaceX and Ford Motor. The spending plan follows similar announcements from others in the semiconductor industry, including Micron, which said last week that it will expand its US investment by $30 billion, taking its planned spending to $200 billion. Texas Instruments has been building 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. REUTERS Analysts have said they see the spending plans as overtures to President 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. Commerce Secretary Howard Lutnick said on Wednesday the Texas Instruments investment will boost 'foundational semiconductors that go into the electronics that people use every day. Our partnership with TI will support US chip manufacturing for decades to come.' Like other companies unveiling such spending commitments, TI's announcement includes funds already allocated to facilities that are either under construction or ramping up.
CNBC
3 days ago
- Automotive
- CNBC
Texas Instruments plans $60 billion U.S. investment amid Trump's onshoring push
Texas Instruments 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 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, SpaceX and Ford Motor. 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, 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.
Business Standard
3 days ago
- Business
- Business Standard
Texas Instruments to invest $60 billion in US chip plants expansion
Texas Instruments said it would spend more than $60 billion to expand its USmanufacturing 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 US history". The company did not give a timeline for the investment. Unlike AI chip firms Nvidia 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, SpaceX and Ford Motor. The spending pledge follows similar announcements from others in the semiconductor industry, including Micron, which said last week that it would expand its US investment by $30 billion, taking its planned spending to $200 billion. Analysts have said they see the spending commitments as overtures to US 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, which won as much as $1.61 billion in CHIPS Act funding last year, already has a large US 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.
Yahoo
13-06-2025
- Business
- Yahoo
Micron (MU) Commits $200 Billion to U.S. Chip Manufacturing Expansion
Micron Technology (MU, Financials) on Thursday unveiled a $200 billion plan to expand U.S. chip production, aligning with President Donald Trump's push for domestic manufacturing. Warning! GuruFocus has detected 3 Warning Sign with MU. The company will spend $150 billion on new and expanded fabs in Idaho, New York, and Virginia, alongside $50 billion for research and development, including high-bandwidth memory packaging. Micron said it has secured federal, state, and local support for the projects, including up to $6.4 billion through the CHIPS and Science Act, and expects to benefit from the Advanced Manufacturing Investment Credit. CEO Sanjay Mehrotra said the expansion would strengthen U.S. tech leadership, create tens of thousands of jobs, and ensure supply chain resilience. Micron shares were little changed Thursday but remain near a 12-month high, up 37% year to date. This article first appeared on GuruFocus.
Yahoo
13-06-2025
- Business
- Yahoo
Micron Plots $200 Billion U.S. DRAM Buildout
Micron Technology (NASDAQ:MU) is boosting its U.S. memory-manufacturing and R&D investment to $200 billion, aiming to onshore 40 percent of its DRAM output. The plan calls for two new high-volume fabs in Idahoone slated to start DRAM production in 2027four more fabs in New York, and an expanded, modernized facility in Virginia, alongside advanced HBM packaging and research initiatives. To finance the buildout, Micron has locked in $275 million under the CHIPS and Science Act and is eligible for up to $6.4 billion in direct funding for its Idaho and New York sites. CEO Sanjay Mehrotra said the move underscores our commitment to driving innovation and strengthening the domestic semiconductor industry, while Commerce Secretary Gina Raimondo added the investment will ensure the U.S. advances its lead across critical industries like AI, automotive, and aerospace and defense. Amazon (NASDAQ:AMZN) Web Services chief Matt Garman praised the expansion as a significant milestone for the semiconductor industry. Even as shares dipped 0.21 percent on the news, analysts note that onshoring DRAM production could shorten supply chains, improve margin visibility and reduce geopolitical risk. Why It Matters: With global memory demand surgingespecially for AI applicationssecuring a domestic production base could give Micron a strategic edge and help the U.S. lessen dependence on overseas fabs. Additionally, Micron Technology has rebounded from earlier lows and now carries a 12-month price target of $121.82, suggesting a modest 5.26% upside. The projections vary widely, with a high-end forecast of $172 and a low of $60, signaling some uncertainty. After dipping below $70 earlier this year, the stock has climbed steadily and analysts seem cautiously optimistic moving forward. This article first appeared on GuruFocus.
