Texas Instruments Touts Plans to Invest $60 Billion in the US

Texas Instruments Inc. touted plans to spend more than $60 billion on semiconductor plants in the US, making it the latest chipmaker to promote its domestic manufacturing ambitions as the Trump administration urges investments and threatens to upend the sector with tariffs.

The company said its long-term capital spending plan remains unchanged. The total includes amounts allotted to plants that are already being built and equipped in the process of bringing them up to full production. The chipmaker will begin construction of two new factories at its site in Sherman, Texas, based on business demand.