"Our investments further strengthen our competitive advantage in manufacturing and technology as we expand our 300mm manufacturing operations in the US," TI CEO Haviv Ilan said. He anticipates that by 2030, TI's internal manufacturing capacity will grow more than 95 percent, supported by substantial federal funding under the CHIPS Act to bolster domestic semiconductor production while reducing reliance on foreign suppliers.
Secretary of Commerce Gina Raimondo remarked, "During the pandemic, shortages of current-generation and mature-node chips fueled inflation and made our country less safe." This statement underscores the importance of enhancing domestic production capabilities and highlights how reliance on foreign chip manufacturing can pose risks to national security and economic stability.
The CHIPS and Science Act, signed into law by President Biden, allocates $53 billion to promote domestic semiconductor production in response to the significant challenges faced during the pandemic, including supply chain disruptions and shortages in critical technology components. This funding aims to ensure a secure and reliable chip supply for various industries.
While the chips produced at TI’s new fabs in Texas and Utah may not be as advanced as those produced by competitors like Intel and TSMC, they play a crucial role in a range of embedded systems, including automotive technology. The production of these mature-node chips is pivotal for addressing ongoing supply chain challenges.
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