Texas Instruments Unveils $60 Billion Chip Investment

The company says it will be the largest capital spending in semiconductor manufacturing in U.S. history.

A Texas Instruments office in San Diego on April 24, 2018. Mike Blake/Reuters

Texas Instruments (TI) says it will invest more than $60 billion across seven new semiconductor fabrication plants in the United States.

This marks the largest investment in foundational chip manufacturing in U.S. history and aligns with the Trump administration’s goal to expand semiconductor production in America, the company said in a June 18 release.

The expansion includes semiconductor fabrication plants (fabs) at three major manufacturing sites in Texas and Utah, with up to $40 billion alone earmarked for its Sherman, Texas, mega-site.

The expansion is expected to create more than 60,000 jobs and significantly boost domestic production of analog and embedded processing chips used in everything from vehicles and industrial machinery to smartphones and data centers.

When fully operational, the new fabs will produce hundreds of millions of U.S.-made chips daily.

Unlike advanced chips used in artificial intelligence and high-performance computing, foundational semiconductors are mature, widely used components that power everyday electronics and industrial equipment.

The COVID-era semiconductor shortage revealed just how critical these chips are, especially in sectors like automotive and health care. Generally, chips made on 28-nanometer (nm) or larger process nodes are considered mature technologies, while those at 14 nm and below are categorized as advanced.

“TI is building dependable, low-cost 300mm capacity at scale to deliver the analog and embedded processing chips that are vital for nearly every type of electronic system,” Haviv Ilan, president and CEO of Texas Instruments, said in a statement.

“Leading U.S. companies such as Apple, Ford, Medtronic, NVIDIA and SpaceX rely on TI’s world-class technology and manufacturing expertise, and we are honored to work alongside them and the U.S. government to unleash what’s next in American innovation.”

Semiconductor manufacturing has undergone a dramatic shift over the past 35 years, with much of the global supply chain moving from Europe and North America to Asia. In 1990, the United States accounted for roughly 37 percent of global chip production, according to J.P. Morgan. As of 2025, that figure is projected to fall to 11 percent.

In recent years, U.S. officials and industry leaders have come to see semiconductors as essential to the country’s economic strength, national security, and global technological leadership. As part of his push to bring manufacturing back to the United States, President Donald Trump has said that rebuilding the domestic chip industry is of utmost importance.

“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,“ Commerce Secretary Howard Lutnick said in a statement. ”Our partnership with TI will support U.S. chip manufacturing for decades to come.”

The Semiconductor Industry Association (SIA), which represents about 99 percent of the U.S. semiconductor industry by revenue, said in March that its member companies have announced more than $500 billion in chip supply chain investments across 28 states.

In a May statement, the group said it was eager to work with Congress and the Trump administration to strengthen U.S. chip manufacturing capacity and offered policy recommendations.

The SIA’s proposals include negotiating sectoral agreements with allies to create preferential markets for U.S. chips and electronics, implementing domestic tax incentives, and streamlining federal regulations that may delay semiconductor projects.

The group also called for increased funding for research and development, as well as workforce training, while urging additional efforts to lower the cost of critical inputs.

“This agenda will help boost our economy and national security, build a strong and secure domestic semiconductor ecosystem, and ensure America leads the world in semiconductor technology,” David Isaacs, vice president of government affairs for the SIA, said in congressional testimony in May.