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Feb 4, 2022

Texas Instruments details its plan to invest billions in US semiconductor chip production through 2030

Posted by in category: computing

Texas Instruments revealed plans Thursday to invest $3.5 billion annually in its U.S. semiconductor chip manufacturing through 2025 as manufacturers face a global shortage of the tech necessary for an increasing number of goods.

The near-term figure marks a considerable uptick from the company’s capital expenditures in recent years. And from 2026 to 2030, the company said, it will continue investing in its manufacturing to the tune of 10% of annual revenue.

“It is increasingly clear that the secular growth of content will continue for at least another 10 to 15 years,” the Dallas-based chipmaker’s chief executive, Rafael Lizardi, told analysts and investors during a presentation.

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