Texas Instruments expanding U.S. chip production

• The Biden and Trump administrations have advocated for the U.S. to manufacture more chips domestically and rely less on Chinese tech components.

State of play: TI says it will make the country's largest investment in foundational semiconductor manufacturing, creating over 60,000 new jobs.

• The company was already building two semiconductor fabrication plants, referred to as fabs, at a megasite in Sherman. Now, the company says it will build two more plants at the site to support future demand.
• TI also plans to ramp up production at its existing plants in Richardson and Lehi, Utah.

The intrigue: TI is more than graphing calculators.

• The 95-year-old company's technology is found in Apple products, Ford vehicles, SpaceX's Starlink internet service and health care equipment.
• The company is also working with Nvidia to develop advanced AI infrastructure.

Zoom out: Samsung is investing more than $40 billion, along with $6.4 billion in federal money, to expand semiconductor production in Central Texas, including a 1,200-acre chip manufacturing plant outside Austin — almost twice as large as the company's flagship campus in South Korea.

• Taiwan Semiconductor Manufacturing Co. is planning six plants in Phoenix and says 30% of its most advanced chips will be produced in Arizona.

Threat level: The U.S. has scrambled to ramp up chip production capacity after the pandemic exposed the country's overreliance on imports as a national security issue, Axios' Nathan Bomey reports.

What's next: TI's first Sherman plant, named SM1, is expected to start production this year.