Texas Instruments Secures $1.6B in Federal Funding for Semiconductor Expansion

The funding, part of the CHIPS and Science Act, will support the construction of new facilities in Texas and Utah, aiming to boost U.S. chip production and job creation.

• Texas Instruments to receive up to $1.6 billion from the U.S. Commerce Department.
• Funding will support the construction of three new semiconductor fabs in Texas and Utah.
• The investment is expected to create over 2,000 manufacturing jobs and thousands of construction jobs.
• Texas Instruments plans to invest $18 billion through 2029 in these projects.
• The initiative aims to strengthen the U.S. semiconductor supply chain and enhance national security.

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