Texas Instruments (TI), the computer chip giant, said it will invest more than $60 billion in the U.S., with plans to build or expand seven chip-making facilities at three sites in Texas and Utah, and create 60,000 jobs. 

BBC News reports this follows similar announcements from others manufacturing semiconductors, including Micron, which said last week that it would increase its planned spending in the U.S. to $200 billion, as President Donald Trump pressures big technology firms to increase manufacturing in the country. 

“Working with the Trump administration and building on the company’s nearly 100-year legacy, TI is expanding its U.S. manufacturing capacity to supply the growing need for semiconductors that will advance critical innovations from vehicles to smartphones to data centers,” the company said in a press release June 18. It described it as “the largest investment in foundational semiconductor manufacturing in U.S. history."

TI did not give a detailed timeline for the investment.

"President Trump has made it a priority to increase semiconductor manufacturing in America," U.S. Secretary of Commerce Howard Lutnick, said in the TI statement. "Our partnership with TI will support U.S. chip manufacturing for decades to come."

Like many other such commitments to invest in U.S. operations, TI's announcement includes money already earmarked to either build or expand facilities. In December, the Biden administration finalized a $1.6 billion subsidy for TI after it announced plans to invest at least $18bn to build three new facilities.