CNBC reports that Texas Instruments announced plans to spend more than $60 billion expanding US manufacturing operations. The analog chipmaker calls this the "largest investment in foundational semiconductor manufacturing in US history."

The funds will build or expand seven chip-making facilities across Texas and Utah. The initiative will create 60,000 jobs over an unspecified timeline. Texas Instruments did not provide specific completion dates for the investment program.

Unlike AI-focused companies such as Nvidia and AMD, Texas Instruments produces analog chips used in everyday devices. These include smartphones, cars, and medical equipment. The company serves major clients including Apple, SpaceX, and Ford Motor.

CEO Haviv Ilan stated the company is "building dependable, low-cost 300 millimeter capacity at scale." The facilities will deliver analog and embedded processing chips vital for electronic systems across multiple industries.

Industry-Wide Push for Domestic Semiconductor Production

The announcement follows similar commitments from other semiconductor manufacturers. Reuters reported that Micron Technology expanded its US investment plans by $30 billion to $200 billion total. This brings Micron's total commitment to creating 90,000 direct and indirect jobs.

Bloomberg notes that Micron's expanded investment includes a second memory plant in Boise, Idaho, and modernization of its Virginia facility. The company will bring advanced High Bandwidth Memory packaging capabilities to US soil.

According to Semiconductor Industry Association, companies have announced over $540 billion in semiconductor supply chain investments across 28 states since 2020. These projects span logic, memory, analog, and advanced packaging segments.

Tom's Hardware confirmed that Texas Instruments already had five facilities under construction. The latest announcement adds two additional Sherman, Texas plants based on future demand patterns.

Market Analysis and Industry Outlook

Industry analysts project strong growth for semiconductor sales in 2025. Deloitte forecasts 2025 sales reaching $697 billion, setting a new record. This represents continued momentum from 2024's $627 billion in global sales.

KPMG research shows 92 percent of executives forecast industry revenue growth in 2025. One-third predict growth exceeding 10 percent. AI applications now rank as the top driver of semiconductor company revenue for the first time.

Market analysis from Infosys indicates the global automotive semiconductor market will grow from $51 billion in 2025 to $102 billion by 2034. This 8 percent annual growth rate stems from electrification and autonomous driving systems.

Texas Instruments holds the largest market share in analog semiconductors. GM Insights data shows Texas Instruments and Analog Devices control 30 percent of the analog market combined. Competition focuses on technology advancement, pricing, and geographic expansion.

Broader Implications for Financial Institutions and Economy

These massive semiconductor investments reflect fundamental shifts in global manufacturing and supply chain strategy. PIIE analysis suggests that canceling CHIPS Act support would undermine business confidence in government policy consistency.

Traditional financial institutions face indirect impacts from semiconductor reshoring trends. Increased domestic manufacturing capacity reduces supply chain vulnerabilities that have disrupted credit markets. Banks with exposure to technology sector lending benefit from expanded US production capabilities.

The investments also create substantial employment in high-wage manufacturing jobs. Federal data shows semiconductor manufacturing jobs pay above national averages. This wage premium generates economic multiplier effects in surrounding communities where facilities locate.

Global competition for semiconductor production capacity intensifies as countries implement industrial policies. China's restrictions on certain chip materials represent retaliation for US export controls. Taiwan's continued role as a leading producer creates geopolitical risks for supply chains.

Investment flows toward US semiconductor manufacturing reflect long-term structural changes rather than temporary policy responses. Companies balance immediate profitability requirements with strategic positioning for future market access and technological leadership.

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