Texas Instruments to invest more than $60 billion to make semiconductors in the US
Texas Instruments will invest more than $60 billion to expand semiconductor manufacturing in the United States, the company announced on Wednesday, as President Donald Trump continues to pressure tech giants like Apple and Samsung to build their products in America.
The investment will go towards seven semiconductor fabrication plants across Texas and Utah, resulting in more than 60,000 jobs, the company said in a press release. TI says it's working with the Trump administration to help produce the critical chips that power everything from smartphones to data centers and cars domestically. It's part of the White House's push to keep the United States ahead of China in the technology industry while promoting American manufacturing.
TI, which partners with tech and auto giants like Apple, Nvidia and Ford, claims this is the 'largest investment in foundational semiconductor manufacturing in US history.'
'President Trump has made it a priority to increase semiconductor manufacturing in America – including these foundational semiconductors that go into the electronics that people use every day,' US Commerce Secretary Howard Lutnick said in a press release. 'Our partnership with TI will support US chip manufacturing for decades to come.'
The announcement marks the latest major planned investment in the United States by an American company as Trump pushes industries like tech to onshore more production. Earlier this month, General Motors said it would invest $4 billion to increase US production. Apple said in February that it would invest $500 billion to expand its US facilities. Oracle, OpenAI and SoftBank announced in January that they would team up to create a new company called Stargate to grow artificial intelligence infrastructure in America.
However, some of these tech giants – including Apple and TSMC – were expanding in the United States long before Trump's second administration.
Reviving US manufacturing has been a tentpole goal of Trump's presidency. For the first three months of his second term, he went on a tariff blitz, promising to impose levies on nearly every product made abroad. He claimed these efforts would boost jobs in the US and rebalance what he saw as unfair practices by America's trading partners.
Trump Mobile, a new venture from the Trump Organization, plans to launch a new smartphone in September that it claims will be 'proudly designed and built' in the United States. But experts have said manufacturing products like iPhones domestically would be a daunting challenge even if the United States had the necessary fabrication plants. That's primarily because America lacks the labor skills and components to produce them.
Staying ahead of China in the tech race has been another priority of Trump's presidency, especially after Chinese startup DeepSeek shook Wall Street and Silicon Valley with its high-performing yet supposedly cheap AI model.
'The United States of America is the leader in AI,' Vice President JD Vance said at the Artificial Intelligence Action Summit in Paris in February. 'And our administration plans to keep it that way.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
an hour ago
- Forbes
Trump Approval Rating: Near 40% In Latest Surveys
President Donald Trump's approval rating was below 46% in a wave of new surveys this week, including one that found the majority of his voters don't want the U.S. military to get involved in the Israel-Iran conflict, as Trump has repeatedly threatened this week. President Donald Trump speaks to the press before boarding Marine One on the South Lawn of the White ... More House on Friday April 25, 2025. June 17-13 net approval rating: An Economist/YouGov poll found 54% of voters disapprove of Trump's job performance, while 41% approve (the survey of 1,512 U.S. adults was conducted June 13-16 and has a 3.3-point margin of error). The survey also found Trump's approval rating is underwater when it comes to his handling of Iran, with 37% approving and 41% disapproving, while 60% of respondents, including 53% of 2024 Trump voters, say the U.S. should not get involved in the conflict between Israel and Iran, as Trump has repeatedly threatened U.S. military intervention. June 17-17: Trump's net approval rating improved two points in the latest Pew Research survey taken June 2-8, compared to the group's last poll in April, with the latest survey showing 41% approve and 58% disapprove (the survey of 5,044 U.S. adults has a 1.6-point margin of error). June 16-6: Trump's net approval rating dipped two points in Morning Consult's latest weekly survey of 2,207 registered U.S. voters (margin of error 2), with 46% approving and 52% disapproving of his job performance, numbers the pollster notes are on par with his ratings in April and early May, during a downward spiral that coincided with his shock tariffs. June 16-12: Trump's approval rating remained stagnant at 42% in a Reuters/Ipsos poll taken June 11-16, compared to the groups' May poll, but his disapproval rating increased two points, to 54%, in the latest survey of 4,258 U.S. adults (margin of error 2). June 16-4: Trump's approval rating declined one point, from 47% to 46%, in the latest Harvard CAPS/Harris survey, compared to the groups' poll taken last month, while 50% of respondents said they disapprove of his job performance (the online survey of 2,097 registered voters was conducted June 11-12 and has a 2.2-point margin of error). Trump's approval rating in the Harvard CAPS/Harris poll has dropped every month since February, when he had a 52% approval rating. Trump's approval rating for nine separate issues also declined from May to June, with less than half of voters saying they approve of each of them, with tariffs and trade policy receiving the lowest marks (41%) and immigration receiving the highest (49%). June 15-10 net approval rating: More than half, 55%, of voters said they disapprove of Trump's job performance and 45% said they approve in an NBC survey of 19,410 U.S. adults conducted May 30-June 10 (margin of error 2.1). June 11-16: Trump's approval rating dipped three points, to 38%, in Quinnipiac University's latest poll conducted June 5-9 among 1,265 registered voters (margin of error 2.8), compared to its previous poll in April, when he had a 41% approval rating, while his disapproval rating dropped one point, to 54%. The survey also found more voters, 57%, have an unfavorable opinion of Musk, while 53% have an unfavorable opinion of Trump, though more than half, 53%, oppose Trump's 'One Big Beautiful Bill Act' that was the source of Musk's rant against Trump last week. June 9-10: A CBS/YouGov poll conducted June 4-6 found 45% approve of Trump's job performance, while 55% disapprove (the poll of 2,428 U.S. adults has a, 2.4-point margin of error). In a separate, one-day YouGov survey conducted June 5, amid Trump's feud with Musk, the majority of 3,812 U.S. adults (52%) said they side with neither Musk nor Trump, while 28% said they side with Trump, 8% said they side with Musk and 11% said they aren't sure. June 9-4 net approval rating: Trump's approval rating improved one point, to 47%, in Morning Consult's weekly poll, while 51% disapprove of his job performance for the third week in a row (the survey of 1,867 registered U.S. voters has a 2-point margin of error). Trump's feud with Musk doesn't appear to have dented his approval ratings in the first two polls that overlapped with their public spat—though it's unclear how Americans perceive his response to protests in Los Angeles over his aggressive deportation push, as no reliable polling has been released since the protests began over the weekend. June 4-4: For the first time in two months, less than half (49%) of U.S. adults surveyed by the Economist/YouGov disapprove of Trump's job performance, compared to 45% who strongly or somewhat approve, representing a significant improvement from the groups' April 19-22 poll, when Trump had a net -13 approval rating (the latest poll of 1,610 U.S. adults conducted May 30-June 2 has a 3-point margin of error). June 2-5: Trump's approval rating dropped from 48% to 46% in this week's Morning Consult poll compared to its previous survey, while his disapproval rating was stagnant at 51% (the May 30-June 2 poll of 2,205 registered voters has a 2-point margin of error). May 27-3: Trump's approval rating stayed stagnant, at 48%, in Morning Consult's weekly poll released Tuesday, while his disapproval rating increased one point, to 51%, compared to last week's survey (the May 23-25 survey of 2,208 registered voters has a two-point margin of error). Trump had a 41% average approval rating during his first term, the lowest of any post-World War II president, though Biden was a close second with a 42% average approval rating, according to Gallup. -8: Trump's score improved one point, from 43% to 44%, in an Economist/YouGov survey of 1,660 U.S. adults conducted May 23-26 (margin of error 3.2) that found his disapproval rating stayed stagnant, at 52%, compared to the groups' survey last week. May 19-10: Trump's approval rating dipped to 42% in the latest Ipsos/Reuters survey of 1,024 U.S. adults taken May 16-18 (margin of error 3), a two-point decline from the groups' May 12-13 poll, while his disapproval rating held at 52%. The 42% approval rating matches Trump's lowest approval rating recorded by Reuters/Ipsos during his second term. May 19-8: Trump's approval rating, 43%, was unchanged in the Economist/YouGov poll of 1,710 U.S. adults conducted May 16-19 (margin of error 3.2) compared to the groups' previous poll earlier this month, while his disapproval rating (51%) ticked down one point. May 19-2: Trump's approval rating has improved two points, from 46% to 48%, and his disapproval rating has decreased two points, from 52% to 50%, in Morning Consult's most recent poll, compared to its previous weekly survey (the most recent poll of 2,208 registered voters taken May 16-19 has a 2-point margin of error). May 19-1: Trump's approval rating stands at 47% and his disapproval rating at 48% in a new Harvard CAPS/Harris poll that also found widespread approval of his trip to the Middle East last week, with 59% of voters supporting his efforts to have strong relations with Saudi Arabia and 59% approving of his removal of sanctions against the Syrian government (the May 14-15 survey of 1,903 registered voters has a 2.2-point margin of error). The poll found a three-point decrease in Trump's net approval rating compared to the groups' April survey. May 13-9: Trump's disapproval rating remained steady at 52%, while his approval rating ticked up one point, to 43%, in the Economist/YouGov's weekly survey of 1,786 adult citizens taken May 9-12 (margin of error 3), compared to their poll last week. May 12-6: Trump's standing with voters in Morning Consult's weekly poll was unchanged from last week, with 46% approving and 52% disapproving in the May 9-11 survey of 2,221 registered voters (margin of error 2). May 9-16: Trump's approval rating ticked up two points, to 41%, while his disapproval rating decreased by two points, to 57%, in an Associated Press/NORC survey of 1,175 adults taken May 1-5 compared to the groups' previous survey last month that found Trump with a net -20 disapproval rating (the latest poll has a margin of error of 4). May 6-6: Slightly more than half, 52%, disapprove of Trump, a rating unchanged from last week's Morning Consult poll, while 46% approve, a one-point increase, according to the survey of 2,263 registered voters conducted May 2-4 (margin of error 2), as voters' sentiment about his handling of the economy improved from a net -6 to net -2. May 6-10: An Economist/YouGov survey taken May 2-5 among 1,850 U.S. adults also found Trump has a 52% disapproval rating, and a 42% approval rating, marking the second week in a row Trump's approval rating did not fall after several weeks of decline (the poll has a margin of error of 3.5). The share of registered voters who say they identify with Trump's Make America Great Again movement has increased sharply during Trump's second term, according to NBC polling. A total of 36% of 1,000 registered voters polled March 7-11 said they consider themselves part of the MAGA coalition, compared to a 23% average in NBC's March polling and 27% in the network's 2024 polls (the most recent poll has a 3.1-point margin of error). 45%. That's Trump's average approval rating so far during his second term, higher than his 41% average approval rating throughout the duration of his first term, according to Gallup. 56%, according to Gallup's June 1-18 average. In the fifth month of his term, Trump is dealing with Israel's attacks on Iran and weighing whether to join the Israeli military campaign and strike Iran's nuclear facilities. At the same time, Congress is negotiating the terms of Trump's signature policy legislation that would enact some of his most significant campaign promises, including an extension of his 2017 tax cuts and tighter border controls, while his mass deportation push has prompted protests and numerous lawsuits. Trump's approval rating has declined since the start of his term, coinciding with his wide-ranging 'Liberation Day' tariffs he announced on April 2 against nearly all U.S. trading partners, though he has largely backed off most of the levies. Other big moments in Trump's presidency include the leak of U.S. military attack plans to Atlantic editor-in-chief Jeffrey Goldberg and his efforts to slash the federal workforce with the help of the Elon Musk-led Department of Government Efficiency. He's hosted several world leaders for explosive Oval Office sit downs, including South African President Cyril Ramaphosa, who Trump argued with over false claims that white farmers in the country were victims of a genocide, and Ukrainian President Volodymyr Zelenskyy in February. Trump and Vice President JD Vance berated the Ukrainian president in front of the media. Here's Where Medicaid Cuts Stand In Trump's Mega-Bill—As GOP Senators Want To Cut Even More (Forbes) Trump Announces Reciprocal Tariff Rates—54% For China, 20% On EU (Forbes) Iran Calls Trump Claim They Reached Out 'Despicable' (Forbes)
Time Business News
an hour ago
- Time Business News
Best Desktop PCs in USA: 2025 Buying Guide
Looking for the best desktop PCs in USA? Whether you're a gamer, a content creator, or a professional who needs serious computing power, a desktop PC is still one of the most reliable and powerful tools available today. At Sirius Power PC, we understand that every user has unique needs. That's why we not only recommend the best desktops but also provide tailored solutions as the best custom PC builder in the business. With laptops becoming increasingly powerful, why are desktop PCs still so popular? Simple—performance, flexibility, and value. Desktop PCs offer: More power for the price Greater cooling and airflow Easier upgrades and repairs Better customization for specific tasks Whether you're editing 4K videos, streaming high-resolution games, or running multiple heavy applications, desktops remain the top choice for high-demand users. Here are some standout desktop PCs currently making waves in the market: A fully customizable powerhouse built for professionals and gamers. Equipped with Intel i9 or AMD Ryzen 9 processors, top-tier GPUs, and whisper-quiet cooling. Ideal for content creators and designers, Apple's M3 chip brings serious performance with seamless integration into the macOS ecosystem. A gamer's dream machine—comes preloaded with RTX 40-series graphics and aggressive cooling design. Great out-of-the-box performance. Perfect for business or everyday multitasking. Reliable, quiet, and stylish, with up to 64GB RAM and solid storage options. Sometimes, even the best pre-built PCs don't check all your boxes. That's where Sirius Power PC steps in. As the best custom PC builder, we help you: Choose components based on your exact usage (e.g., gaming, editing, CAD) Customize the look and feel—RGB lighting, compact vs. full-tower, etc. Future-proof your investment with upgrade-ready configurations Get expert support, fast shipping, and honest advice With Sirius Power PC, you're not buying just a computer—you're building your dream machine with our team guiding you every step of the way. Finding the best desktop PCs in USA doesn't have to be complicated. From pre-built performance beasts to fully personalized custom builds, there's a perfect PC out there for everyone. Ready to take the leap? Explore our collection at Sirius Power PC—where power meets precision, and every build is crafted with care. TIME BUSINESS NEWS
Yahoo
an hour ago
- Yahoo
Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-up
In late 2022, Noah Pepper, a former Stripe business lead for the Asia Pacific region, founded Multiplier, a startup that aimed to sell software to tax accounts. But soon after ChatGPT was released, he realized that AI can change how professional service firms use technology. 'I realized I was barking up the wrong tree by trying to build a SaaS business, and instead I should figure out how to make these people more effective,' he told TechCrunch. The startup acquired Citrine International Tax, a boutique provider of cross-border tax accounting services, and enhanced the firm with AI capabilities built by Multiplier. It quickly became apparent that the strategy was working. By eliminating manual work, Multiplier's AI tools helped Citrine more than double its profit margins. So, Pepper decided that instead of building software for accounting firms, Multiplier would acquire existing professional service businesses and outfit them with its AI solution. Today, Multiplier, which is now called Multiplier Holdings, is announcing that it raised a total of $27.5 million in seed and Series A financing. Lightspeed Venture Partners led the Series A funding round for the startup, following Multiplier's seed round, which was led by Ribbit Capital with participation from SV Angel. Multiplier is part of a growing trend: startups acquiring existing service businesses and scaling them with AI. The PE-style roll-up strategy has recently gained popularity among VCs, with investors such as General Catalyst, Elad Gil, Thrive, and Khosla Ventures backing startups that develop AI solutions and integrate them into existing people-focused companies. 'Until AI existed, none of this was possible,' Lightspeed partner Justin Overdorff said. In addition to Multiplier, Lightspeed has invested in three other yet-to-be-announced AI-powered roll-up companies. Overdorff is convinced that this strategy is most effective when the startup buys small companies because they are more open to changing their existing processes. 'If you go to an accounting firm that has 200 accountants, it's unlikely to get adopted at a [high] rate.' Prior to being purchased by Multiplier, Citrine was a two-person tax entity. Multiplier not only helped increase its margins but also helped Citrine grow, Overdorff said. Multiplier's goal is to expand beyond offering personal tax compliance to create an AI-powered competitor to the Big Four accounting firms. Pepper said that Multiplier is looking to purchase high-recurring-revenue service firms helmed by people who are excited to integrate and help customize AI to take their businesses to the next level. 'It's a little bit like a venture-style business where you're looking to make a bet on this leader who you think is just amazing in their category,' Pepper said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
