Texas Instruments awarded up to $1.61B CHIPS funding for three fabs

The U.S. Department of Commerce awarded Texas Instruments up to $1.61 billion in direct CHIPS Act funding to support TI's $18 billion investment in three new fabrication facilities: two in Sherman, Texas, and one in Utah. The projects are expected to create over 2,000 manufacturing jobs and over 20,000 construction jobs.

“The funding would support TI’s investment of more than $18 billion through the end of decade for the construction of three state-of-the-art fabrication facilities.”nist.gov

• 2 sources
• nist.govTexas Instruments (Texas) | NISTAug 14, 2024
• db.forbesmiddleeast.comUS Government To Provide $1.6B To Texas InstrumentsSyed Saadain Gardazi, Mohamed Rashed Alkhalifa, Robert Hart, Khadijah KhogeerAug 16, 2024

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