Texas Instruments invests $60 billion in US-made chips

Texas Instruments announced Wednesday, June 18, that it will invest “more than $60 billion” (€52 billion) to accelerate semiconductor manufacturing in the United States. The Dallas-based company has listened to President Trump, who “continues to pressure tech giants like Apple and Samsung to manufacture in America,” CNN notes .

Seven microprocessor labs in Texas and Utah will receive a large share of this windfall, “which will translate into 60,000 jobs,” the company boasts in its press release .

"Texas Instruments says it is working with the Trump administration to help relocate the production of these chips, which are essential for everything from smartphones to data centers and cars," the US media outlet explains. The electronics manufacturer, which supplies Apple, Nvidia, and Ford, claims to be making "the largest investment in processor manufacturing in US history."

This announcement is in any case "the latest" in a series from major American companies, following General Motors (4 billion dollars), Apple (500 billion dollars), as well as Oracle, OpenAI and SoftBank which joined forces in the Stargate project in January "to develop the infrastructure of artificial intelligence in America" .

Commerce Secretary Howard Lutnick welcomed the "partnership" with Texas Instruments, which should guarantee "chip production in America for decades," and reiterated that it is a "priority" of President Trump, the BBC points out .

However, like other companies that have "made significant spending promises, Texas Instruments' announcement includes sums already allocated to the construction or expansion of facilities," the British public media outlet puts into perspective.

Some industry insiders also point out that these promises are being made "to try to give Trump reassurances." The US president has "repeatedly threatened to cancel the Chips and Science Act," signed into law in 2022 under President Joe Biden, which included a budget of "54.2 billion dollars" to subsidize factory construction.