Texas Instruments (TI), a leading player in the global semiconductor industry, has made a monumental announcement regarding its investment plans in the United States. The company will allocate over $60 billion (£44.74 billion) to enhance its manufacturing capabilities within the country. This decision comes at a time when the U.S. government, under the leadership of President Donald Trump, is urging major technology firms to bolster domestic manufacturing efforts.

The investment will primarily focus on the establishment and expansion of seven advanced chip-making facilities located across three states: Texas and Utah. This initiative is expected to generate approximately 60,000 new jobs, providing a significant boost to the local economies in these areas. Texas Instruments has not released a specific timeline for the rollout of this investment, leaving many eager for further details.

Dallas-based Texas Instruments has characterized this investment as the “largest investment in foundational semiconductor manufacturing in U.S. history.” This claim highlights the critical role that semiconductors play in modern technology, as they are essential components in a myriad of electronic devices, from computers to smartphones. The announcement also aligns with a broader trend within the semiconductor industry, as other companies are following suit in committing to domestic production. For instance, Micron Technology revealed just last week its plans to increase its U.S. investment to a staggering $200 billion, indicating a national shift towards strengthening local semiconductor manufacturing.

As the competition in the semiconductor market intensifies, this investment by Texas Instruments not only reflects a commitment to U.S. manufacturing but also serves as a response to the global supply chain challenges that have emerged in recent years. By investing significantly in local facilities, Texas Instruments aims to mitigate risks associated with overseas production and supply chain disruptions.