Texas Instruments (TXN) signs prelim agreement for up to $1.6B in CHIPS and Science Act proposed funding for semiconductor manufacturing in Texas and Utah

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Go back to Texas Instruments (TXN) signs prelim agreement for up to $1.6B in CHIPS and Science Act proposed funding for semiconductor manufacturing in Texas and Utah

Texas Instruments signs preliminary agreement to receive up to $1.6 billion in CHIPS and Science Act proposed funding for semiconductor manufacturing in Texas and Utah

August 16, 2024 5:05 AM EDT

NEWS HIGHLIGHTS:

The U.S. Department of Commerce has proposed up to $1.6 billion for TI in direct funding through the CHIPS and Science Act to support three 300mm semiconductor wafer fabs under construction in Texas and Utah.TI expects to receive an estimated $6 billion to $8 billion from the U.S. Department of Treasury's Investment Tax Credit for qualified... More