NEW YORK (CNN)—As President Donald Trump continues to put pressure on tech titans like Apple and Samsung to manufacture their goods in the United States, Texas Instruments announced Wednesday that it will invest more than $60 billion to boost semiconductor production in the country.
According to a news release from the corporation, the investment would support seven semiconductor fabrication facilities in Texas and Utah, creating over 60,000 employment. According to TI, it is collaborating with the Trump administration to assist in the domestic production of the vital chips that drive everything from smartphones to data centers and automobiles. It is a component of the White House’s efforts to support American manufacturing and maintain the United States’ technological leadership over China.
This is the biggest investment in foundational semiconductor production in US history, according to TI, which collaborates with tech and car titans including Apple, Nvidia, and Ford.
According to a press statement from US Commerce Secretary Howard Lutnick, President Trump has prioritized increasing semiconductor production in America, especially these essential semiconductors that are used in everyday electronics. For many years to come, US chip manufacturing will be supported by our collaboration with TI.
As Trump encourages sectors like technology to increase output onshore, the news is the most recent significant planned investment in the US by an American corporation. General Motors announced earlier this month that it would invest $4 billion to boost production in the United States. In February, Apple announced plans to invest $500 billion to develop its operations in the United States. In order to expand artificial intelligence infrastructure in America, Oracle, OpenAI, and SoftBank announced in January that they will form a new firm named Stargate.
However, long before Trump’s second presidency, some of these tech behemoths, like Apple and TSMC, were growing in the US.
One of Trump’s main objectives as president has been to revive American industry. He promised to levy tariffs on almost all foreign-made goods during the first three months of his second term. He asserted that these initiatives will increase employment in the United States and correct unfair practices by the United States’ trading partners.
In September, Trump Mobile, a new business endeavor from the Trump Organization, will introduce a new smartphone that it says will be proudly designed and manufactured in the US. However, experts have stated that even if the United States had the required fabrication plants, it would be extremely difficult to manufacture items like iPhones domestically. America lacks the workforce skills and components necessary to create them, which is the main reason for this.
Another goal of Trump’s presidency has been to keep ahead of China in the innovation race, particularly when the Chinese startup DeepSeek stunned Silicon Valley and Wall Street with its allegedly low-cost but highly effective AI model.
Vice President JD Vances stated at the Artificial Intelligence Action Summit in Paris in February that the United States of America is the leader in AI. And that is how our administration intends to maintain it.
