Texas Instruments is investing more than $60 billion across seven semiconductor fabs, a move that the Dallas-based company says will help its customers, such as Apple and SpaceX, achieve technological breakthroughs.

Texas Instruments plans to invest over $60 billion in semiconductor manufacturing facilities to strengthen the domestic supply chain and support the Trump administration‘s goal of increasing U.S. chip production.

Texas Instruments (TI) has committed to invest $60bn in the US to expand its semiconductor manufacturing (SM) capacity. The company plans to build seven new factories across Texas and Utah. These facilities will produce billions of foundational semiconductors daily,