Texas Instruments expanding U.S. chip production

Axios

4 hours ago

Texas Instruments plans to spend $60 billion to produce more chips in the U.S. and has carved out an even larger role for Sherman, where the Dallas-based company is building a megasite.
Why it matters: Chips are integral to cars, data centers and electronics and are difficult to manufacture.
The Biden and Trump administrations have advocated for the U.S. to manufacture more chips domestically and rely less on Chinese tech components.
State of play: TI says it will make the country's largest investment in foundational semiconductor manufacturing, creating over 60,000 new jobs.
The company was already building two semiconductor fabrication plants, referred to as fabs, at a megasite in Sherman. Now, the company says it will build two more plants at the site to support future demand.
TI also plans to ramp up production at its existing plants in Richardson and Lehi, Utah.
The intrigue: TI is more than graphing calculators.
The 95-year-old company's technology is found in Apple products, Ford vehicles, SpaceX's Starlink internet service and health care equipment.
The company is also working with Nvidia to develop advanced AI infrastructure.
Zoom out: Samsung is investing more than $40 billion, along with $6.4 billion in federal money, to expand semiconductor production in Central Texas, including a 1,200-acre chip manufacturing plant outside Austin — almost twice as large as the company's flagship campus in South Korea.
Taiwan Semiconductor Manufacturing Co. is planning six plants in Phoenix and says 30% of its most advanced chips will be produced in Arizona.
Threat level: The U.S. has scrambled to ramp up chip production capacity after the pandemic exposed the country's overreliance on imports as a national security issue, Axios' Nathan Bomey reports.