Texas Instruments to receive $1.6B CHIPS Act funding for three new fabs in Texas and Utah

The U.S. Department of Commerce signed a preliminary memorandum of terms to provide up to $1.6 billion in direct funding to Texas Instruments under the CHIPS and Science Act. The funding supports TI's $18 billion investment to construct three new semiconductor fabrication facilities: two in Texas and one in Utah, creating over 2,000 manufacturing jobs.

“The proposed funding would support TI’s investment of more than $18 billion through the end of decade to construct three new state-of-the-art facilities, including two in Texas and one in Utah, and is estimated to create over 2,000 manufacturing jobs and thousands of construction jobs over time.”nist.gov

• 3 sources
• nist.govBiden-Harris Administration Announces Preliminary Terms with Texas Instruments to Expand U.S. Current-Generation and Mature-Node Chip Capacity | NISTAug 16, 2024
• ksl.comBiden administration announces $1.6B for new chip manufacturing plants in Utah, Texas | KSL.comBridger Beal-Cvetko, KSLAug 16, 2024
• ti.comTexas Instruments signs preliminary agreement to receive up to $1.6 billion in CHIPS and Science Act proposed funding for semiconductor manufacturing in Texas and Utah | TI.comAug 16, 2024

Summarized from public sources; check the original articles before acting on it.