Latest news with #TI
International Business Times
11 hours ago
- Automotive
- International Business Times
Texas Instruments Announces $60B Investment to Strengthen US Tech Backbone with Analog Chip Expansion
American semiconductor giant Texas Instruments (TI) is taking one of the industry's most substantial technology leaps in recent years. The company known for manufacturing analog chips, calculators, and digital signal processors has announced it will invest more than $60 billion to expand analog semiconductor manufacturing in the U.S. Unlike high-performing chips for artificial intelligence or gaming, analog chips play a different yet crucial role. This is because they bridge the digital world with the real world, carrying signals that represent temperature, sound, or pressure. These chips are used in cars, smartphones, medical devices, and factory equipment. Without them, even the smartest AI can't interact with physical reality. Texas Instruments plans to build or expand seven chip fabrication plants, also known as fabs, across Texas and Utah, which includes two new plants in Sherman, Texas. These fabs will play a role in ramping up production of analog and embedded chips that are crucial for sensors, power management, and signal processing on nearly every connected device. The move is not just about capacity—it's about long-term innovation. As a greater number of devices get "smart" and connected via the Internet of Things (IoT), they will require analog chips in huge quantities. From smart home devices to high-end cars with driver-assist features, analog semiconductors are built to handle the real-world inputs that digital chips, acting as generalized-purpose computers, were never able to address. TI's expansion is also about reducing risk. Currently, most of the semiconductor manufacturing takes place outside the United States. By building additional factories in the U.S., TI is creating a more reliable and secure chip supply. It also shields innovation pipelines from global disruptions. The $60 billion investment encompasses previously announced projects and new ones under the U.S. CHIPS and Science Act. The law backs making chips at home with funding and tax incentives. TI has already secured $1.61 billion in government backing for three of its proposed sites. The company has not stated how long the expansion would take but says it is part of a longer-term tech strategy.
Yahoo
a day ago
- Automotive
- Yahoo
Texas Instruments to invest $60bn in US
Texas Instruments (TI) has committed to invest $60bn in the US to expand its semiconductor manufacturing (SM) capacity. The company plans to build seven new factories across Texas and Utah. These facilities will produce billions of foundational semiconductors daily, the company said in a statement. The company added that it is collaborating with the Trump administration to strengthen domestic manufacturing. The company's chips are used in smartphones, vehicles, data centres, satellites, and other electronic devices. US Secretary of Commerce Howard Lutnick said: 'For nearly a century, Texas Instruments has been a bedrock American company driving innovation in technology and manufacturing. '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. Our partnership with TI will support US chip manufacturing for decades to come.' In Sherman, Texas, Texas Instruments' first new factory, SM1, will start production in 2025. The exterior of SM2, the second Sherman factory, is complete. TI plans to build two additional factories, SM3 and SM4, to meet future demand. In Richardson, Texas, RFAB2 is scaling up to full production. This follows RFAB1, the world's first 300mm analogue factory, opened in 2011. In Lehi, Utah, the company is ramping up LFAB1, its first 300mm wafer factory. Construction of LFAB2, connected to LFAB1, is underway. Ford is partnering with Texas Instruments to enhance US manufacturing. The collaboration combines Ford's automotive expertise with Texas Instruments' semiconductor technology. Nvidia is also working with Texas Instruments to develop next-generation AI architectures. SpaceX is using its high-speed 300mm SiGe technology, manufactured in Sherman, to support its Starlink satellite internet service. Texas Instruments president and CEO Haviv Ilan said: 'TI is building dependable, low-cost 300mm capacity at scale to deliver the analogue and embedded processing chips that are vital for nearly every type of electronic system. 'Leading US companies such as Apple, Ford, Medtronic, Nvidia and SpaceX rely on TI's world-class technology and manufacturing expertise, and we are honoured to work alongside them and the US government to unleash what's next in American innovation.' "Texas Instruments to invest $60bn in US" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
New York Post
2 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
2 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
2 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.
