Semiconductor arms race upgrade: Texas Instruments announces US $60 billion expansion plan – Passionategeekz

Passionategeekz June 19th news, Bloomberg published a blog post yesterday (June 18), reporting that Texas Instruments Inc. responded to the US domestic chip manufacturing policy.It plans to invest more than US$60 billion in the United States (Passionategeekz Note: the current exchange rate is approximately RMB 431.261 billion) to build a semiconductor factory.

Texas Instruments said the funds will be used to upgrade existing plants and build new projects, including the construction of two new plants in Sherman, Texas, but the specific progress depends on market demand. Texas Instruments stressed that its long-term capital expenditure plan has not changed and that existing funds have been allocated to the production preparation stage of some of the plants under construction.

Texas Instruments executives told investors that building new and more advanced local factories is the key to improving competitiveness, especially consolidating and enhancing its position in the field of analog chips.

Analog chips are the leading products of Texas Instruments. Although this type of chip is relatively mature in technology, it is responsible for converting physical signals such as sound and pressure into electronic signals, and is widely used in daily electronic products.

In addition to Texas Instruments, companies such as GlobalFoundries, TSMC and Micron have also announced new investment plans in the United States, which can enjoy high tax credits. Texas Instruments has made it clear that tax incentives are an important incentive for its expansion.

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