CNN Business/Tech | Texas Instruments to invest more than $60 billion to make semiconductors in the US

New York (CNN) — Texas Instruments will invest more than $60 billion to expand semiconductor manufacturing in the United States, the company announced on Wednesday, as President Donald Trump continues to pressure tech giants like Apple and Samsung to build their products in America.

The investment will go towards seven semiconductor fabrication plants across Texas and Utah, resulting in more than 60,000 jobs, the company said in a press release. TI says it’s working with the Trump administration to help produce the critical chips that power everything from smartphones to data centers and cars domestically. It’s part of the White House’s push to keep the United States ahead of China in the technology industry while promoting American manufacturing.

TI, which partners with tech and auto giants like Apple, Nvidia and Ford, claims this is the “largest investment in foundational semiconductor manufacturing in US history.”  –read more–