Texas Instruments to invest over $60 billion on new US-based semiconductor facilities in Texas

Texas Instruments plans to spend over $60 billion on semiconductor manufacturing plants in the United States, including two new factories in Sherman, Texas.

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In a new report from Bloomberg, we're hearing that the US-based chipmaker is promoting its domestic semiconductor manufacturing ambitions after President Trump urged US investments, and threatened to cause waves through tariffs. Texas Instruments is reportedly keeping to its long-term capital spending plans, with the $60B+ put towards its new plants that are being constructed, and getting them ready towards full production.

The company will also begin construction of two new chip-making factories at its site in Sherman, Texas, as demand is strong. Texas Instruments beefed-up its in-house production plans, which counters the industry trend of shipping production off overseas, and this was before the US government offered subsidies through the CHIPS Act under the Biden administration.

Texas Instruments' leadership recently told investors that it makes sense to establish new, more capable plants -- and to build them on US soil -- to further increase its competitiveness, especially when it comes to Chinese customers. Texas Instruments leads the market with its analog chips, which are far less-advanced components that convert everyday, real-world things like sound and pressure, into electronic signals.

US Commerce Secretary Howard Lutnick said in a statement to Bloomberg regarding the investment from Texas Instruments: "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".