Friday, June 07, 2013: Texas Instruments has announced its long-term strategy for manufacturing facilities in Chengdu, China. The company is mulling over a new assembly/test operation and the expansion of its existing wafer fabrication factory.
TI’s investments in these operations could total up to $1.69 billion over the next 15 years and potentially include facilities, manufacturing equipment and land. The government of Chengdu has committed to provide support of these plans.
“The Chengdu Hi-Tech Zone has been an excellent location for TI’s manufacturing investments in China. We believe this region offers significant benefits to TI and the more than 100,000 customers we serve,” said Kevin Ritchie, senior vice president of TI’s Technology & Manufacturing Group.
This investment plan does not change TI’s 2013 capital spending forecast. The company continues to expect its capital spending levels to remain about 4 percent of revenue until revenue exceeds $18 billion and should then range between 4 to 7 percent of revenue over the long term.
