Texas Instruments’ $60B bet: Medtronic hails vital chip supply role amid shortages

Texas Instruments is driving the largest U.S. semiconductor investment ever, creating over 60,000 jobs and producing hundreds of millions of chips daily. Medtronic’s CEO underscores TI’s critical partnership in navigating global chip shortages, highlighting the strategic impact of this massive expansion.

Sources:
PR NewswireManufacturingdigital
Updated 2h ago
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Sources: PR Newswire
Texas Instruments (TI) is making a historic $60 billion investment to build seven semiconductor fabs across three mega-sites in Texas and Utah, including a $40 billion investment in its largest site in Sherman, Texas. This initiative aims to produce hundreds of millions of U.S.-made chips daily, fueling American innovation and creating over 60,000 new jobs.

TI's President and CEO, Haviv Ilan, emphasized the company's commitment to "building dependable, low-cost 300mm capacity at scale to deliver the analog and embedded processing chips that are vital for nearly every type of electronic system."

Medtronic, a leading medical technology company, highlighted the critical role TI plays amid global chip shortages. Geoff Martha, Medtronic's Chairman and CEO, stated, "At Medtronic, our life-saving medical technologies rely on semiconductors to deliver precision, performance, and innovation at scale. Texas Instruments has been a vital partner – especially during the global chip shortages – helping us maintain supply continuity and accelerate the development of breakthrough therapies."

This massive investment not only strengthens TI's partnerships with major U.S. companies like Apple, Ford, NVIDIA, and SpaceX but also marks the largest foundational semiconductor manufacturing investment in U.S. history. The new fabs will support a bold new chapter in American innovation by ensuring a reliable domestic supply of essential chips amid ongoing global supply chain challenges.

Key stats:
- $60 billion total investment
- 7 semiconductor fabs across Texas and Utah
- $40 billion invested in Sherman, Texas mega-site
- 60,000+ new U.S. jobs created

TI's strategic expansion underscores the critical importance of semiconductor manufacturing in sustaining technological advancement and supply chain resilience in the U.S.
Sources: PR Newswire
Texas Instruments announced a historic $60 billion investment in seven U.S. semiconductor fabs, including a $40 billion mega-site in Texas, to produce vital chips. Medtronic praised TI's crucial role in ensuring chip supply amid global shortages, supporting life-saving medical technologies and innovation.
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Key Facts
  • Texas Instruments (TI) announced plans to invest more than $60 billion across seven U.S. semiconductor fabs, marking the largest investment in foundational semiconductor manufacturing in U.S. history.PR Newswire
  • TI's largest mega-site in Sherman, Texas includes up to $40 billion investment for four fabs as part of the overall $60 billion plan.PR Newswire
  • These fabs across Texas and Utah will produce hundreds of millions of U.S.-made chips daily to support a new chapter in American innovation.PR Newswire
  • TI is collaborating with leading U.S. companies including Apple, Ford, Medtronic, NVIDIA, and SpaceX to drive the next era of American innovation.PR Newswire
  • TI CEO Haviv Ilan highlights building dependable, low-cost 300mm capacity at scale to deliver analog and embedded processing chips vital for nearly every electronic system.
  • Medtronic CEO Geoff Martha praises TI's vital role during global chip shortages, helping maintain supply continuity and accelerate breakthrough medical therapies.
Texas Instruments (TI) today announced its plans to invest more than $60 billion across seven U.S. semiconductor fabs, making this the largest investment in foundational semiconductor manufacturing in U.S. history.
PR Newswire
PR Newswire
"At Medtronic, our life-saving medical technologies rely on semiconductors to deliver precision, performance, and innovation at scale," said Geoff Martha, Chairman and CEO of Medtronic. "Texas Instruments has been a vital partner – especially during the global chip shortages – helping us maintain supply continuity and accelerate the development of breakthrough therapies.
Manufacturingdigital
Key Stats at a Glance
Texas Instruments investment amount
$60 billion
PR Newswire
Investment in Sherman, Texas mega-site
$40 billion
PR Newswire
New U.S. jobs supported
60000
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