Chipmaker Texas Instruments to receive up to $1.6 bln in funding from US

US to award chipmaker Texas Instruments up to $1.6B

Washington, United States — The US government said Friday it has signed a preliminary agreement with semiconductor manufacturer Texas Instruments to give the company up to $1.6 billion to help fund new facilities in the country. The proposed direct funding comes under the CHIPS and Science Act, a package of incentives passed by Congress in

TI calculates its US CHIPS Act winnings at $1.6B

Another $3B in loans also on the table to support $18B foundry enlargement

Texas Instruments awarded $1.6 billion in CHIPS Act funding for domestic silicon production

Texas Instruments is the latest recipient of CHIPS Act funds. The 2022 law will award TI $1.6 billion in grants.

U.S. awards chipmaker Texas Instruments up to $1.6 billion to build factories

Texas Instruments said on Friday it would receive up to $1.6 billion in funding from the U.S. Commerce Department towards the construction of three new facilities, the latest government outlay aimed at bolstering domestic chip production. The funding, under the U.S. CHIPS and Science Act, will help the company build two factories in Texas and one in Utah. Texas Instruments has pledged more than $18 billion through 2029 to the projects, which are…

Texas Instruments awarded $1.6B to build semiconductor plants

Texas Instruments is set to receive up to $1.6 billion in funding from the CHIPS and Science Act to support the construction of three semiconductor plants in Texas and Utah, the company announced Friday.  The funding will go toward building two new fabrication plants in Sherman, Texas, and a third in Lehi, Utah.  "The historic CHIPS Act is enabling more semiconductor manufacturing capacity in the U.S., making the semiconductor ecosystem stronger…

Texas Instruments to receive a total of US$4.6bn in CHIPS Act grants, loans