Texas Instruments revealed plans Thursday to invest $3.5 billion annually in its U.S. semiconductor chip manufacturing through 2025 as manufacturers face a global shortage of the tech necessary for an increasing number of goods.
The near-term investment figure marks a considerable uptick from the company’s capital expenditures in recent years. And from 2026 to 2030, the company said, it will continue investing in its manufacturing to the tune of 10% of annual revenue.
“It is increasingly clear that the secular growth of semiconductor content will continue for at least another 10 to 15 years,” the Dallas-based chipmaker’s chief executive, Rafael Lizardi, told analysts and investors during a presentation.
