Texas Instruments has announced a tranche of federal CHIPS Act funding worth up to $1.6 billion, a show of support for a semiconductor manufacturing industry that’s becoming more entrenched in North Texas.
Texas Instruments also expects to receive somewhere between $6 billion and $8 billion in U.S. Treasury tax credits for manufacturing investments, and up to $10 million to boost workforce development.
All told, the money will assist in funding three new Texas Instruments plants: two based in Sherman and one in Lehi, Utah, creating 2,000 new jobs. Separately, Samsung will receive as much as $4.75 billion in CHIPS Act money, a figure Bloomberg notes was below what was originally envisaged.
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