- Business
- Texas Instruments Incorporated (Nasdaq: TXN) designs, manufactures, tests, and sells analog and embedded processing semiconductors that serve as essential building blocks for electronic systems in industrial, automotive, personal electronics, communications equipment, and enterprise markets. The company offers approximately 80,000 products, including power management solutions for efficient energy use; signal chain components for accurate sensing and data transmission; embedded processors such as microcontrollers and multi-core processors for core control; digital light processing (DLP) technology for displays, projectors, and digital cinema; and education technology products like calculators. Additional offerings encompass automotive-qualified products, aerospace and defense components, functional safety-rated devices, and custom application-specific integrated circuits (ASICs); operations span design, manufacturing, and sales sites in more than 30 locations across 18 countries, with 15 worldwide manufacturing facilities including wafer fabs, assembly/test factories, and probe sites. Founded in 1930 and headquartered in Dallas, Texas, Texas Instruments employs approximately 34,000 people globally, with roughly 14,000 in the Americas, 18,000 in Asia-Pacific, and 2,000 in Europe. In recent developments, the company signed a preliminary agreement in August 2024 with the U.S. Department of Commerce for up to $1.6 billion in direct funding under the CHIPS and Science Act to support three new 300mm wafer fabs under construction in Sherman, Texas, and Lehi, Utah, followed by a final award agreement in December 2024 that also includes up to $10 million for workforce development and anticipates $6 billion to $8 billion in investment tax credits. Texas Instruments plans to invest more than $60 billion through 2029 in U.S. semiconductor manufacturing across seven fabs to expand internal capacity to over 95% by 2030 and enhance geopolitical supply resilience for analog and embedded chips; it partnered with NVIDIA to advance AI infrastructure architectures and support U.S. manufacturing revitalization.