Company file
Texas Instruments
An analog and embedded manufacturer building a long-duration large-wafer factory system for foundational chips.
Company-reported production locations, investment plans, and the need for execution are kept distinct.
Operating profile
How Texas Instruments builds access
- Operating model
- Integrated analog and embedded-processing manufacturer
- Controls through
- Owned mature-node manufacturing, long-lived product franchises, and staged 300mm expansion
- Physical stack
- Analog and embedded wafers, 300mm production, assembly, test, and industrial customer qualification
Foundational chips have a different manufacturing rhythm
Texas Instruments operates an integrated model centered on analog and embedded processing, products that support vehicles, factories, grids, communications equipment, and everyday electronics. These systems often value reliability, longevity, and qualified supply as much as a rapid process-node transition. That makes TI a useful counterweight to an industry narrative focused only on the most advanced AI accelerator.
The factory network serves a broad installed base
TI's manufacturing footprint spans North America, Asia, Japan, and Europe. Its objective is not to chase one short product cycle. It is to build a production base capable of serving a wide portfolio over long customer lifetimes. The value of that network depends on quality, cost, utilization, and the discipline to add capacity as demand justifies it.
300mm is an operating and economic choice
The company continued qualifying and ramping new 300mm wafer fabs in Richardson and Sherman, Texas, and Lehi, Utah during 2025. A larger wafer format can improve the economics of mature-node production when the surrounding factory system, products, and utilization support it. The strategic story is not simply a bigger fab. It is a repeatable cost and supply platform for chips customers need over many years.
Sherman makes the expansion tangible
TI's SM1 Sherman fab began production in December 2025, while the broader Sherman site is planned for up to four connected fabs that can ramp with demand. TI's plan to invest more than $60 billion across seven U.S. fabs is therefore best read as a long manufacturing horizon. Production start, construction plan, and productive capacity are distinct milestones that should remain separate in any serious assessment.
Capacity discipline becomes a customer promise
Analog and embedded customers often build products with long lives, which makes continuity, quality, and cost improvement central to the value of a manufacturing network. TI can use its own fab estate to align a broad product portfolio with a staged expansion plan, giving customers a clearer view of the supply base behind their designs. The aspiration is steady, useful capacity that compounds over many product generations.
What to watch
TI's ownership thesis succeeds when durable product demand, 300mm economics, quality, and disciplined utilization reinforce each other. It is a positive model of manufacturing patience: build capability that can serve a broad industrial base, then let the pace of deployment be governed by customers and operating performance rather than by a headline factory count.