Texas Instruments has announced investing over $60 billion to expand analog chip manufacturing in the U.S., focusing on foundational semiconductors used in everyday devices. Company has not mentioned the timeframe of investment but has stated that this is part of their long term expansion strategy.

This will be happy news for US President Donald Trump, who has been imposing tariffs to encourage domestic manufacturing.

Texas Instruments will invest more than $60 billion to expand semiconductor manufacturing in the United States, the company announced on Wednesday, as President Donald Trump continues to pressure tech giants like Apple and Samsung to build their products in America.