This will be happy news for US President Donald Trump, who has been imposing tariffs to encourage domestic manufacturing.

The $60 billion investment involves building or expanding seven chip-making facilities that Texas Instruments has in Sherman, Texas; Richardson, Texas; and Lehi, Utah. Notably, the North Texas city of Sherman will get two new facilities as part of Texas Instruments' vision to manufacture hundreds of millions of chips daily.

Texas Instruments plans to invest over $60 billion in semiconductor manufacturing facilities to strengthen the domestic supply chain and support the Trump administration‘s goal of increasing U.S. chip production.