# 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.

- Type: Investment
- Announced: 2024-08-16
- Where: Texas and Utah, United States
- Value: $1.60B
- Jobs: 2,000
- Status: announced
- Capacity: 300mm wafer fabs
- Products: current-generation and mature-node semiconductors, analog and embedded processing chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Texas Instruments](https://endata.com/companies/29167.md)
- [U.S. Department of Commerce](https://endata.com/companies/74718.md) (investor)

## Sources

- [nist.gov](https://www.nist.gov/news-events/news/2024/08/biden-harris-administration-announces-preliminary-terms-texas-instruments), 2024-08-16: "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."
- [ksl.com](https://www.ksl.com/article/news/business/biden-administration-announces-16b-for-new-chip-manufacturing-plants-in-utah-texas/51101982), 2024-08-16: "The Biden administration on Friday announced a $1.6 billion investment in Texas Instruments for advanced chip manufacturing plants in Utah and Texas."
- [ti.com](https://www.ti.com/about-ti/newsroom/news-releases/2024/2024-08-16-texas-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.html), 2024-08-16: "The historic CHIPS Act is enabling more semiconductor manufacturing capacity in the U.S., making the semiconductor ecosystem stronger and more resilient."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.