Texas Instruments has recently secured $1.6 billion from CHIPS Act funds, alongside $3 billion in loans and tax credits, aimed at enhancing domestic silicon production and creating jobs.
The CHIPS Act not only targets modern, advanced chips for AI but also provisions funding for legacy chips, reflecting on demands for diverse silicon products, including those used in everyday appliances.
With the new federal funding, TI anticipates creating over 2,000 direct manufacturing jobs and thousands more in indirect roles, benefiting local economies and related industries.
The CHIPS Act aims to mitigate China's influence in the semiconductor market, as demonstrated by TI's recent funding, which meets the U.S. government's legacy chip production goals.
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