In order to boost in-house manufacturing and stir the competition coming from Chinese analog chipmakers, Texas Instruments has been building facilities in Texas and one in Utah. The company, however, did not offer an exact timeline for the future investments, the investments meaning $46 billion in Texas and about $15 billion in Utah, reported Reuters.
Compared with AI chip companies such as Nvidia and AMD, Texas Instruments creates analog or foundational chips used in everyday devices such as smartphones, cars, and even medical devices, giving it a large client base that also includes Apple, SpaceX, and Ford Motor.
The spending plan follows a similar pattern to announcements from others in the semiconductor industry, including Micron. Last week, Micron also announced that it will be expanding its US investment by $30 billion, bringing its planned spending to $200 billion.
Analysts have said that they see the spending plans as overtures to US President Donald Trump, as he has threatened more than once to kill the $52.7 billion 2022 CHIPS and Science Act and warned of potential new tariffs on semiconductor imports.
On Wednesday, the Commerce Secretary Howard Lutnik said that the Texas Instruments investment will boost “foundational semiconductors that go into the electronics that people use every day. Our partnership with TI will support U.S. chip manufacturing for decades to come."
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