Latest news with #TexasInstruments
International Business Times
10 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
19 hours ago
- Business
- Yahoo
Texas Instruments commits $60B to domestic chip manufacturing
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Texas Instruments plans to spend more than $60 billion to increase chip production domestically, according to a Wednesday announcement. The initiative represents the 'largest investment in foundational semiconductor manufacturing in U.S. history,' the company said. The nearly century-old technology provider will build seven semiconductor fabrication facilities across three manufacturing 'mega-sites' located in Texas and Utah. The plants will produce analog and embedded processing chips for Apple, Ford, Medtronic, Nvidia and SpaceX as part of the initiative, the company said. Texas Instruments was awarded $1.6 billion in CHIPS and Science Act funding last year. Despite President Donald Trump's efforts to undo the Biden-era legislation, his administration lent its support to the Texas Instruments initiative. '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,' U.S. Secretary of Commerce Howard Lutnick said in the Wednesday announcement. Texas Instruments' buildout plan comes amid compute consumption spikes spurred by AI adoption and concurrent enterprise modernization efforts. Hyperscaler infrastructure investments drove an 18% year-over-year increase in semiconductor revenue globally last year, according to Gartner. The analyst firm anticipates the massive market to climb at least another 11% this year to over $700 billion. The three largest cloud providers — AWS, Microsoft and Google Cloud — reported compute capacity constraints as enterprises ramped up AI projects last year, triggering a wave of multi-billion-dollar hyperscale data center investments. Oracle, a junior member of the hyperscale club, saw capital expenditures more than double to over $20 billion during its fiscal year, which ended May 31. Texas Instruments' manufacturing push has geopolitical dimensions, as well. President Trump made a domestic manufacturing rebuild central to his administration's policy objectives, and the technology sector has responded. In April, amid confusion and uncertainty triggered by Trump administration tariffs, IBM announced plans to invest $150 billion over the next five years in domestic research, development and manufacturing. Nvidia — one of the biggest beneficiaries of the data center building boom — pledged $500 billion to bolstering domestic chip manufacturing in April. The GPU giant has seen quarterly revenues skyrocket to more than $40 billion, up from under $6 billion two-and-a-half years ago. Texas Instruments hasn't been as fortunate. The company reported $4.1 billion in revenue during the first three months of the year, up 11% compared to Q1 2024. With the Trump administration threatening levies on semiconductor imports, Texas Instruments President and CEO Haviv Ilan indicated the company would shift manufacturing from foundries in Taiwan to a plant in Lehi, Utah, during a recent earnings call. Texas Instruments is ramping up production this year in Utah and Texas facilities as it continues to build capacity. The timeline for the $60 billion investment will be based on business demand, a spokesperson told CIO Dive. Recommended Reading Hyperscalers bet on costly new data centers to capture growing market Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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
Daily Mail
a day ago
- Automotive
- Daily Mail
US chipmaker invests $60bn as Trump vows to lift domestic manufacturing
Chipmaker Texas Instruments plans to plough £60billion, or around £44.7billion, into domestic production, in a boost for US manufacturing. The US company confirmed it planned to construct or expand seven chip-making sites at three locations in Texas and Utah, while creating 60,000 jobs. Tech firms are under pressure from Donald Trump's administration to rapidly boost manufacturing capabilities in the country. Dallas-based Texas Instruments described the plans as the 'largest investment in foundational semiconductor manufacturing in US history'. However, it did not provide a timeline for its proposed US investment. Last week, semiconductor manufacturing firm Micron said it would up its planned spending in the US to $200billion. Last summer, Texas Instruments announced it could build seven chip-building facilities and spend up to $40billion on its Sherman, Texas operations, and $21billion 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. On Thursday, Texas Instruments said its long-term CapEx plan remained unchanged. Unlike artificial intelligence chip firms Nvidia and AMD, Texas Instruments makes analog or foundational chips used in everyday devices like smartphones, cars and medical devices, giving it a large client base that includes Apple, SpaceX and Ford Motor . Certain analysts have said they see the spending plans as overtures to Trump, who has repeatedly threatened to kill the $52.7billion 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 would boost 'foundational semiconductors that go into the electronics that people use every day'. He added: 'Our partnership with TI will support US chip manufacturing for decades to come.' Like other companies unveiling such spending commitments, Texas Instrument's announcement includes funds already allocated to facilities that are either under construction or ramping up. In 2023, British microchip designer Arm announced it would not pursue a London stock exchange listing this year, launching on the US via an initial public offering instead.
Fast Company
a day ago
- Business
- Fast Company
Texas Instruments' $60 billion chip pledge sounds bold—but the U.S. still has work to do
More than $60 billion of investment will be spent by Texas Instruments to build and expand seven semiconductor factories in the United States, creating more than 60,000 jobs in the country, the company said today. The announcement, which will see the investment spent across seven semiconductor fabrication sites, is a boost for President Donald Trump, though it is not exactly new cash, some experts argue. 'I think it's exactly what they've been saying for the last four or five years,' says Stacy Rasgon, a senior analyst at Bernstein who covers semiconductors. 'They're probably one of the few that's actually put massive amounts of dollars in the ground in the U.S. already. So you might as well get credit for it.' The announcement also does not include a time frame. Texas Instruments CEO Haviv Ilan said in a statement: '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.'
