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Texas Instruments to Invest More Than $60 Billion to Strengthen U.S. Semiconductor Manufacturing

allas, TX — June 18, 2025 — Texas Instruments Incorporated (Nasdaq: TXN) today announced plans to invest more than $60 billion in building and expanding semiconductor manufacturing facilities in the United States—marking one of the largest investments in domestic chip production in American history.

 

The multiyear initiative will span seven new fabrication plants across three major sites: Sherman and Richardson, Texas, and Lehi, Utah. These facilities will produce advanced 300-millimeter wafers used in analog and embedded chips that are critical to automotive systems, industrial automation, personal electronics, and aerospace applications.

 

“This investment underscores our commitment to building reliable and cost-effective manufacturing capacity to support our customers for decades to come,” said Haviv Ilan, President and CEO of Texas Instruments. “These fabs will be key in strengthening the domestic semiconductor supply chain and ensuring long-term American leadership in foundational chip technologies.”

 

Key Project Highlights:

  • $60+ billion investment over several years
  • Construction of 7 semiconductor fabs: four in Sherman, one in Richardson, and two in Lehi
  • Expected to support over 60,000 direct and indirect jobs in the U.S.
  • Initial production to begin at Sherman’s SM1 and SM2 fabs by 2026, with SM3 and SM4 following
  • Supported by $1.6 billion in CHIPS and Science Act funding and investment tax credits

 

The Sherman site alone is expected to account for approximately $40 billion of the total investment and will serve as a cornerstone of TI’s U.S. manufacturing strategy.

 

U.S. Secretary of Commerce Howard Lutnick praised the move, stating: “This historic investment from Texas Instruments aligns with our national goal of securing American semiconductor production. It’s a major step forward in boosting our economic resilience and technological leadership.”

 

Texas Instruments has long been a key supplier for major U.S. firms, including Apple, NVIDIA, Medtronic, and SpaceX. With this expansion, TI aims to ensure long-term supply stability for a growing range of critical industries.

 

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