Texas Instruments has revealed plans to invest more than $60 billion in seven new manufacturing plants across Texas and Utah.

The chip maker stated that the move will generate approximately 60,000 jobs in the US and claims it represents the largest investment in foundational semiconductor manufacturing in the country’s history.

This investment will help meet the rising global demand for semiconductors, which Texas Instruments said will drive innovation in sectors such as data centres, smartphones, and vehicles.

The company’s largest site, located in Sherman, Texas, will receive up to $40 billion in funding. The site currently houses four factories.

Texas Instruments is collaborating with the Trump administration to implement the investment. Howard Lutnick, the US secretary of commerce, emphasised that President Trump has prioritised expanding semiconductor production in the US, including components used in everyday electronics.

"For nearly a century, Texas Instruments has been a bedrock American company driving innovation in technology and manufacturing," he added. "Our partnership with Texas Instruments will support US chip manufacturing for decades to come."

The company maintains partnerships with leading US technology firms, including Apple, Ford, and Medtronic.

Haviv Ilan, president and chief executive of Texas Instruments, said, "Texas Instruments is building dependable, low-cost 300mm capacity at scale to deliver the analogue and embedded processing chips essential for nearly every type of electronic system. Leading US companies such as Apple, Ford, Medtronic, NVIDIA, and SpaceX rely on Texas Instruments’ world-class technology and manufacturing expertise. We are honoured to work alongside them and the US government to unlock the next wave of American innovation."

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