Texas Instruments gave its US manufacturing capabilities a huge boost with the announcement of a new $60 billion investment. As the White House has pushed chipmakers to bring manufacturing to the US, ...

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The semiconductor manufacturer's mega-sites in Sherman, TX; Richardson, TX; and Lehi, UT will support more than 60,000 jobs.

Like many other such commitments to invest in U.S. operations, TI's announcement includes money already earmarked to either build or expand facilities.

To support the effort, TI will receive up to $1.6 billion in direct CHIPS Act funding, plus an estimated $6 billion to $8 billion in tax credits. An additional $10 million will go toward workforce ...

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Photo: Alamy Texas Instruments announced Wednesday it will invest more than $60 billion to expand semiconductor manufacturing ...

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