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

Texas Instruments plans to invest over $60 billion in semiconductor manufacturing facilities to strengthen the domestic supply chain and support the Trump administration‘s goal of increasing U.S. chip production.

Texas Instruments is investing more than $60 billion across seven semiconductor fabs, a move that the Dallas-based company says will help its customers, such as Apple and SpaceX, achieve technological breakthroughs.