Texas Instruments is investing more than $60 billion across seven semiconductor fabs, a move that the Dallas-based company says will help its customers, such as Apple and SpaceX, achieve technological breakthroughs.

Texas Instruments plans to invest over $60 billion in semiconductor manufacturing facilities to strengthen the domestic supply chain and support the Trump administration‘s goal of increasing U.S. chip production.

Texas Instruments (TI) has revealed plans to invest over $60 billion in seven semiconductor fabs across the US, marking the biggest investment in foundational semiconductor manufacturing in the country’s history. The move aims to meet the growing demand for chips vital to industries ranging from automotive to data centres.