Computer chip giant Texas Instruments (TI) will invest more than $60bn (£44.74bn) in the US, as President Donald Trump pressures big technology firms to increase manufacturing in the country. The company said it plans to build or expand seven chip-making facilities at three sites in Texas and Utah, and create 60,000 jobs. TI did not give a detailed timeline for the investment. The Dallas-based firm described the move as the "largest investment in foundational semiconductor manufacturing in US history." It follows similar announcements from others manufacturing semiconductors, including Micron, which said last week that it would increase its planned spending in the US to $200bn.
I consider this very relevant to BrainChip's "decision to investigate redomiciling."
I still believe that the Duy-Loan Le's membership on the board could pay significant dividends...My opinion only.
EssentialElements
BRN Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
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