Biden administration announces $1.6B for new chip manufacturing plants in Utah, Texas

URLhttps://www.ksl.com/article/51101982/biden-adminis
Sourceksl.com
Date Published08/16/2024
Author NameBridger Beal-Cvetko

Additional Reshoring Information:

Company/Division name Texas Instruments
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2026
Domestically, the work will be done:In-house
Capital investment ($):1400
City reshored to:Lehi
State(s) reshored to:UT
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredchips
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$3 billion
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