Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
US administration approves $1.6bn funding for Texas Instruments' semiconductor plants under the CHIPS Act, aiming to reduce dependency on China.
US administration to grant Texas Instruments up to $1.6bn in funding for new semiconductor plants in Texas and Utah under the CHIPS and Science Act, 2022.
This funding supports Texas Instruments' $18bn plan to build new facilities, creating over 2,000 jobs.
The US aims to reduce dependency on China for older-generation semiconductors, addressing national security concerns and competition with Beijing.
The $1.6bn will be supplemented by an estimated $6bn-$8bn from the U.S. Department of Treasury's Investment Tax Credit for eligible U.S. manufacturing investments.
These investments will help Texas Instruments achieve over 95% in-house production capacity by 2030.
La administración estadounidense aprueba el financiamiento de $1.6 mil millones para las plantas semiconductoras de Texas Instruments bajo la Ley CHIPS, con el objetivo de reducir la dependencia de China.