The new fabrication plant will work in conjunction with a similar facility the Dallas-based company bought in 2021.is deepening its bet on domestic production of semiconductors by breaking ground this week on what will become an $11 billion fabrication plant in Utah.
Texas Instruments and community leaders gathered Thursday, Nov. 2, 2023, in Lehi, Utah, for a ceremonial groundbreaking for its new $11 billion semiconductor fabrication plant.TI’s wafer fabrication plants produce semiconductors in a sterile environment, where a 400-step process takes place to turn 300-millimeter wafers into some of the world’s most essential technology.as the largest in state history.
Because of the breadth of TI’s portfolio, its performance is closely watched on Wall Street as a bellwether for demand across the economy. Chip investors have been waiting for signs that electronics makers have worked their way through a pileup of inventory and are ready to increase orders again. TI contends its products have a shelf life of up to a decade. That means accumulated inventory is less of a problem than for other chipmakers, and it may even help the company respond more rapidly when demand returns.
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