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Texas Instruments gets $1.6B investment to expand semiconductor manufacturing
https://www.fox4news.com/news/texas-instruments-semiconductor-investment
FOX4NEWS writes:
“SHERMAN, Texas – Texas Instruments is paving the way when it comes to semiconductor manufacturing in the United States.
In May 2022, the North Texas-based company broke ground on its newest semiconductor plant in Sherman, 60 miles north of Dallas.
Once completely built out, the plant will employ around 2,000 workers who will produce much-needed chips needed to power all sorts of technology.
“We think it’s not only good for the company, but from a supply chain shortage point of view,” said Rich Templeton, Chairman of Texas Instruments.
On Friday, TI got a massive infusion of cash from the federal government.
The US Department of Commerce announced a $1.6 billion investment in helping Texas Instruments expand its operations.”
Read more in the article below:
fox4news.com
Texas Instruments gets $1.6B investment to expand semiconductor manufacturing
The US Department of Commerce announced a $1.6 billion investment to help Texas Instruments expand its production of semiconductors. Once fully online, TI's Sherman facilities will be responsible for producing more than 100 million chips daily.
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