Texas Instruments Plans To Invest $60B in US Amid Trump Push for Domestic Manufacturing

Texas Instruments (TXN) said Wednesday it plans to invest over $60 billion in U.S. chip production, making it the latest chipmaker to announce funds earmarked for U.S. facilities as President Donald Trump urges firms to commit to American manufacturing.

The investment, which Texas Instruments called “the largest investment in foundational semiconductor manufacturing in U.S. history,” includes seven facilities at sites in Texas and Utah. The company said it expects the move to create 60,000 jobs. Texas Instruments did not offer a specific time frame for the investment, but said work is already underway on two facilities at its Sherman, Texas mega-site. 

Foundational semiconductors are used in a wide variety of electronic devices, including smartphones, vehicles, and satellites. Texas Instruments said it counts Apple (AAPL), Ford (F), Nvidia (NVDA), SpaceX, and Medtronic (MDT) among those using its products. 

Texas Instruments also said it is “working with the Trump administration” to expand its U.S. manufacturing capacity, echoing a string of other tech firms this year in nodding to the White House while announcing domestic manufacturing initiatives.

Last week, Micron Technology (MU) said it expects to spend $200 billion in memory manufacturing and research and development. U.S. manufacturing announcements have also come from Nvidia, TSMC (TSM), and International Business Machines (IBM) this year. Apple, which the president has threatened with tariffs on iPhones sold in the U.S. made in other countries, earlier this year said it would invest $500 billion in AI server production facilities in America.

Shares of Texas Instruments were little changed Wednesday, closing just above $198. The stock has gained about 6% so far in 2025.