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Texas Instruments on track to secure $1.6 billion in CHIPS Act funds to build three new wafer fabs

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Texas Instruments and the US Department of Commerce have signed a preliminary agreement outlining potential terms for up to $1.6 billion in proposed direct funding under the CHIPS and Science Act.

This funding would support the construction of three 300mm wafer fabrication facilities in Texas and Utah .

The CHIPS Act funding will be allocated to three new wafer fabs.