This will be happy news for US President Donald Trump, who has been imposing tariffs to encourage domestic manufacturing.

Texas is once again going big. This time a chipmaker with the namesake of the U.S. state is planning on investing a whopping sum into the United States. Computer chip giant Texas Instruments (TI) will invest more than $60 billion in the U.S., as President Donald Trump pressures big technology firms to increase manufacturing in the country.

Texas Instruments has committed to spending more than $60 billion to expand its U.S. manufacturing capacity, marking what the company claims is the largest-ever investment in foundational semiconductor manufacturing in the history of the U.