On Wednesday Texas Instruments announced a massive investment plan of over $60bn to build and expand seven semiconductor factories in the US, located in Texas and Utah. The move is part of the Trump administration's push to bring technology manufacturing back to US soil.
The investment will focus on so-called "fundamental" or "legacy" semiconductors, used in a wide range of industrial, electronic and automotive devices, and is expected to create more than 60,000 jobs nationwide, the company says.
This project places Texas Instruments alongside other big American tech names that have recently announced massive investments in domestic chip production, amid a strategic reshoring of the sector.
In April, Nvidia said it plans to build artificial intelligence servers worth up to $500bn in the US over four years, in partnership with the Taiwanese chipmaker TSMC.
Texas Instruments has not provided a schedule for the rollout of its plan, although the announcement marks a major step in the national effort to strengthen technological sovereignty in a sector that has become highly strategic.
