Texas Instruments is paving the way when it comes to semiconductor manufacturing in the United States.In May 2022, the North Texas-based company broke ground on its newest semiconductor plant in Sherman, 60 miles north of Dallas.Once completely built out, the plant will employ around 2,000 workers who will produce much-needed chips needed to power all sorts of technology.
Taiwan-based semiconductor part producer GlobalWafers recently received a portion of a $400 million investment from the Biden Administration for its Sherman facility.TI plans to have approximately 93 percent of semiconductors produced solely in the US by 2030.The demand for semiconductors is huge, because so many products use them."Really anything that plugs into a wall. Anything that requires power almost always uses a chip.