With plans to grow our internal manufacturing to more than 95% by 2030, we're building geopolitically dependable, 300mm capacity at scale to provide the analog and embedded processing chips our customers will need for years to come," CEO Haviv Ilan said.
This $1.6B will go a long way in helping Texas Instruments stay competitive," said Kinngai Chan, senior analyst at Summit Insights Group.
While TI doesn't play in the cutting-edge process node, mature-node (a less advanced technology) is still very important for the US semiconductor industry," Chan said, noting China was also spending on mature nodes.
The funding, under the U.S. CHIPS and Science Act, will help the company build two factories in Texas and one in Utah.
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