The U.S. Department of Commerce has awarded Texas Instruments (TI) up to $1.61 billion in CHIPS Incentives Program funding to support the construction of three new semiconductor facilities in Texas and Utah. This investment is part of TI’s broader $18 billion plan through 2030 to enhance U.S. production of current-generation and mature-node chips, which are vital for powering electronic systems across industries. The CHIPS funding will be disbursed in phases, tied to TI’s achievement of construction and operational milestones.
This initiative addresses vulnerabilities in the semiconductor supply chain highlighted during the pandemic, particularly for foundational chips critical to national and economic security. “With this major investment in TI, we are strengthening our economic security, making our country safer, and creating thousands of jobs in Texas and Utah,” said U.S. Secretary of Commerce Gina Raimondo. The Biden Administration’s efforts to onshore semiconductor production have driven over $32 billion in federal support and catalyzed more than $400 billion in private investments to date.
The new facilities are expected to create over 2,000 direct manufacturing jobs and thousands of construction roles. TI, known for inventing the first integrated circuit, continues to lead in analog and embedded processing semiconductor production. “The increasing number of electronic devices in our lives depend on our foundational chips,” said TI CEO Haviv Ilan, emphasizing the company’s critical role in scaling U.S. semiconductor manufacturing capacity.
• Texas Instruments receives up to $1.61 billion under the CHIPS Act.
• $18 billion total investment planned for three semiconductor facilities in Texas and Utah.
• Focus on current-generation and mature-node chips, essential for power management, microcontrollers, and more.
• Estimated creation of over 2,000 manufacturing jobs and thousands of construction jobs.
• Funding disbursed based on milestone achievements for transparency and accountability.