Apple to Manufacture iPhone Chips at Texas Instruments' $60 Billion U.S. Expansion

Apple will produce iPhone chips at Texas Instruments' substantial $60 billion U.S. manufacturing initiative. The project, centered in Sherman, Texas, with additional facilities in Lehi, Utah, aims for full production by late 2025. This move supports Apple's commitment to domestic semiconductor sourcing, as announced by CEO Tim Cook. The initiative is part of a broader $600 billion investment in U.S. operations, focusing on essential semiconductors for Apple devices. Despite the significant expansion, Texas Instruments' stock saw a notable decline following the announcement. Market analysts cited concerns over potential tariffs and cautious market outlooks. The company faces scrutiny regarding its ability to regain market share, particularly after experiencing production challenges during the 2020 chip shortage. The project is expected to generate approximately 60,000 jobs across the United States, underscoring a commitment to bolstering domestic semiconductor manufacturing capabilities. This strategic development positions TI to increase its production capacity while navigating the complexities of the global semiconductor market.