Texas instruments signs preliminary agreement to receive up to $1.6 billion in chips and science act proposed funding for semiconductor manufacturing in texas and utah

News highlights: the u.s. department of commerce has proposed up to $1.6 billion for ti in direct funding through the chips and science act to support three 300mm semiconductor wafer fabs under construction in texas and utah. ti expects to receive an estimated $6 billion to $8 billion from the u.s. department of treasury's investment tax credit for qualified u.s. manufacturing investments.
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