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

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

By BRIDGER BEAL-CVETKO, KSL.COM

The Biden administration on Friday announced a $1.6 billion investment in Texas Instruments for advanced chip manufacturing plants in Utah and Texas.

Funds from the CHIPS and Science Act — a key plank of President Joe Biden’s policy agenda passed in 2022 — will help fund three fabrication sites for semiconductors, including a new plant in Lehi, where Texas Instruments has already planned to invest $11 billion

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