Computer chip giant Texas Instruments (TI) will invest more than $60bn (£44.74bn) in the US, as President Donald Trump pressures big technology firms to increase manufacturing in the country.
The company said it plans to build or expand seven chip-making facilities at three sites in Texas and Utah, and create 60,000 jobs. TI did not give a detailed timeline for the investment.
The Dallas-based firm described the move as the “largest investment in foundational semiconductor manufacturing in US history.”
It follows similar announcements from others manufacturing semiconductors, including Micron, which said last week that it would increase its planned spending in the US to $200bn.
“President Trump has made it a priority to increase semiconductor manufacturing in America,” US Secretary of Commerce Howard Lutnick, said in a statement on Wednesday.
“Our partnership with TI will support US…
