德州仪器完成16亿美元芯片法案奖励

Texas Instruments (NASDAQ:TXN) announced on Friday that it has finalized the $1.6B award from the Biden administration's $53B CHIPs Act to help it expand its plants in Texas and Utah.

The grants will be used to support three new 300 millimeter semiconductor wafer fabs already under construction, the company said in a statement. Unlike cutting edge chips used for artificial intelligence and other high-end technologies, these are considered "legacy" chips, used in a variety of consumer devices.

Texas Instruments also said it expects to receive between $6B and $8B from the U.S. Treasury's Investment Tax Credit for "qualified U.S. manufacturing investments" and up to $10M for workforce development.

The new plants — which will be located in Sherman, Texas and Lehi, Utah — will create roughly 2,000 new jobs, Texas Instruments said.

The award was first announced in August.

"As the largest analog and embedded processing semiconductor manufacturer in the U.S., TI is uniquely positioned to provide dependable, low-cost 300mm semiconductor manufacturing capacity at scale," said Texas Instruments President and CEO Haviv Ilan. "The increasing number of electronic devices in our lives depend on our foundational chips, and we appreciate the support from the U.S. government to make the semiconductor ecosystem stronger and more resilient."

Shares of the analog chip supplier rose 2% in midday trading.