Texas Instruments plans a $60 billion US investment to produce foundational chips.

Texas Instruments plans a $60 billion US investment to produce foundational chips.

As President Donald Trump pressures businesses to increase U.S. investments, Texas Instruments announced on Wednesday that it would invest more than $60 billion to build and expand seven semiconductor plants in Texas and Utah.

 

According to the corporation, the investment in heritage or foundational semiconductors will generate over 60,000 jobs in the US.

 

In light of the Trump administration’s initiatives to increase semiconductor production in the United States, the chipmaker joins a number of other American tech firms that have declared hundreds of billions of dollars in domestic investments.

 

With assistance from partners like Taiwan’s TSMC, chip manufacturer Nvidia announced in April that it plans to construct $500 billion worth of AI servers in the United States over the next four years.

 

There is no date for the investment in Texas Instruments’ announcement.

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