News on February 16, according to MarketWatch reports, on Wednesday local time, Texas Instruments, a semiconductor design and manufacturing company, said it will build a second 300mm semiconductor wafer fabrication plant in Lehi, Utah, the United States. Part of an investment of US$11 billion (currently approximately RMB 75.35 billion).

TI's second factory will be merged with the existing factory when it is completed and will eventually operate as one factory. The new fab will create approximately 800 additional jobs for Texas Instruments, as well as thousands of indirect jobs.

As reported in January, Texas Instruments announced that the company's board of directors has appointed Haviv Ilan as its next president and chief executive officer, effective April 1.

Referring to the construction of a second fab in Utah, Haviv Ilan said that with the expected growth of semiconductors in electronics, especially industrial and automotive, and the passage of the U.S. Chips and Science Act, now is the time to invest further Optimum opportunity for in-house manufacturing capabilities.