The $60 billion investment involves building or expanding seven chip-making facilities that Texas Instruments has in Sherman, Texas; Richardson, Texas; and Lehi, Utah. Notably, the North Texas city of Sherman will get two new facilities as part of Texas Instruments' vision to manufacture hundreds of millions of chips daily.

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 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.