News about Texas Instruments

U.S. Trade Representative Jamieson Greer, a top trade adviser to President Donald Trump, toured Texas Instruments' new $11 billion semiconductor plant in Lehi and defended the administration's tariffs. He argued that tariffs protect U.S. manufacturing from unfair foreign subsidies and dumping, and aim to create better-paying jobs. Greer rejected the idea that tariffs drove recent inflation, noting consumer prices rose 3.7% annually last month and that beef, oranges and bananas are not tariffed. However, a New York Federal Reserve study found prices of 67 tariffed goods rose 2.9% as of February, while they would have fallen nearly 1% without tariffs. The plant is expected to create 800 high-paying jobs and strengthen the domestic supply chain for critical components.