The U.S. Department Of Commerce Has Awarded TI Up To $1.6B In CHIPS Act Funding To Support 3 New 300mm Semiconductor Wafer Fabs Under Construction In Texas And Utah. TI Also Expects To Receive An ~$6B-$8B From The U.S. Department Of The Treasury's...

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The U.S. Department of Commerce has awarded TI up to $1.6 billion in CHIPS Act funding to support three new 300mm semiconductor wafer fabs under construction in Texas and Utah.
TI also expects to receive an estimated $6 billion to $8 billion from the U.S. Department of the Treasury's Investment Tax Credit for qualified U.S. manufacturing investments.
The company will also receive up to $10 million to support workforce development.

LEHI, Utah and SHERMAN, Texas, Dec. 20, 2024 /PRNewswire/ -- Texas Instruments (TI) (NASDAQ:TXN) and the U.S. Department of Commerce today announced an award agreement of up to $1.6 billion in direct funding through the U.S. CHIPS and Science Act, following the preliminary memorandum of terms announced in August 2024. The funding will help support three of TI's new 300mm wafer fabs currently under construction in Texas and Utah. Support from the CHIPS Act, including the 25% investment tax credit, will help TI provide a geopolitically dependable supply of essential analog and embedded processing semiconductors.

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