NEWS HIGHLIGHTS: LEHI, Utah and SHERMAN, Texas , Dec. 20, 2024 /PRNewswire/ -- Texas Instruments (TI) (Nasdaq: TXN) and the U.S. Department of Commerce today announced an award agreement of up to $1.6 billion in direct funding through the U.S. CHIPS and Science Act, following the preliminary memorandum of terms announced in August 2024 . The funding will help support three of TI's new 300mm wafer fabs currently under construction in Texas and Utah. Support from the CHIPS Act, including the 25% investment tax credit, will help TI provide a geopolitically dependable supply of essential analog and embedded processing semiconductors. "As the largest analog and embedded processing semiconductor manufacturer in the U.S., TI is uniquely positioned to provide dependable, low-cost 300mm semiconductor manufacturing capacity at scale," said Haviv Ilan, president and CEO of Texas Instruments. "The increasing number of electronic devices in our lives depend on our foundational chips, and we appreciate the support from the U.S. government to make the semiconductor ecosystem stronger and more resilient." The CHIPS Act direct funding will support TI's investments through 2029 for three large-scale 300mm wafer fabs in Sherman, Texas (SM1 and SM2), and Lehi, Utah (LFAB2). Together, these fabs will manufacture tens of millions of analog and embedded processing chips every day that are critical to a variety of end markets, including automotive, industrial, personal electronics, communications equipment and enterprise systems. Specifically, the CHIPS Act direct funding will be distributed upon completion of project milestones, supporting: These connected, multi-fab sites in Texas and Utah will benefit from shared infrastructure, talent and technology sharing, and a strong network of existing suppliers and community partners. Combined, TI's three new fabs in Texas and Utah will create 2,000 company jobs, along with thousands of indirect jobs for construction, suppliers and supporting industries. TI is also investing in building its future workforce. As part of the CHIPS Act award agreement, TI will also receive up to $10 million for workplace development efforts in Texas and Utah . Consistent with TI's longstanding commitment to responsible, sustainable manufacturing and environmental stewardship, the company's 300mm wafer fabs will be entirely powered by renewable electricity. Additionally, TI is committed to reducing overall water consumption across its operations, endeavoring to achieve a 70% water reuse capability in Sherman, Texas , and Lehi , Utah. All of TI's new 300mm fabs are also designed to meet LEED Gold standards for structural efficiency and sustainability. Learn more: Notice regarding forward-looking statements This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe TI's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. See Item 1A of TI's most recent Form 10-K for a detailed discussion of risk factors that could cause results to differ materially from the forward-looking statements. The forward-looking statements included in this release are made only as of the date of this release, and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances. If we do update any forward-looking statement, you should not infer that we will make additional updates with respect to that statement or any other forward-looking statement. About Texas Instruments Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures, and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/texas-instruments-announces-award-agreement-for-chips-and-science-act-funding-302337541.html SOURCE Texas Instruments
LOS ANGELES –– The Kings defeated one of the NHL’s hottest teams and turned in a perfect afternoon on special teams as they beat the Seattle Kraken 2-1 on Saturday at Crypto.com Arena. The Kings scored the game’s only power-play goal, reversing a troubling recent trend in the process, and were 3 for 3 on the penalty kill. They entered the match as losers of three of their last four games while Seattle had prevailed in five of its past six clashes. Adrian Kempe and Quinton Byfield, who was playing in his 200th career game, each found the net for the Kings. Anže Kopitar assisted on both goals. David Rittich stopped all 19 shots. Brandon Montour scored late for Seattle on an active night for the former Ducks defenseman. Joey Daccord made 19 saves. Two of the NHL’s 10 best teams defensively produced a predictably low-event first period – while the Kraken and Kings once combined for 17 goals in a game, they had only nine combined shots in the opening 20 minutes – but the Kings flipped the script with goals at the 4:19 and 6:03 marks of the middle frame. First, it was the vision of Alex Turcotte synergizing the finishing ability of Kempe, who scored his 10th goal of the season and his 11th point in his past 11 games. Turcotte received the puck behind the net, curled toward the right-wing boards and sold a play along the wall as he sucked in four Kraken defenders. His no-look pass hit Kempe in the slot, with Adam Larsson unable to close his gap and Daccord having little chance at Kempe’s searing short-side wrister. Then, two weights were lifted at once when the power play scored its first goal since Brandt Clarke’s Nov. 9 empty-netter and Byfield tallied for the first time since he scored in consecutive games Nov. 5 and Nov. 7. He scored his third goal of the year and the first for the newly configured top power-play unit with a kneeling one-timer from the right faceoff circle. The primary assist was Kevin Fiala’s first point in seven games and the secondary one, as it did on Kempe’s goal, went to Kopitar. The captain’s pair of helpers brought him to 14 points in his past 11 games, remaining a beacon of consistency even in lean offensive stretches for the team. Related Articles The Kings had the opportunity to slam the door at the end of the period when a bizarre sequence during a Seattle power play left Byfield and Warren Foegele with a two-on-none shorthanded rush. After four passes across Daccord’s crease, Foegele’s eventual shot was negated by the handle of Daccord’s stick. Foegele would have another brush with glory in the third period, right after Montour had two of his own. His slap shot was saved by Rittich but his follow-up bid beat the big Czech, only to dent the right post just below the crossbar. Montour broke through 23 seconds after the Kings survived a six-on-four sequence, when his slap shot roared past Rittich with 1:34 to play, but Seattle drew no nearer.
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Nashville Predators (7-12-5, in the Central Division) vs. Minnesota Wild (15-4-4, in the Central Division) Saint Paul, Minnesota; Saturday, 8 p.m. EST BETMGM SPORTSBOOK LINE: Wild -153, Predators +128; over/under is 5.5 BOTTOM LINE: The Minnesota Wild host the Nashville Predators after Jared Spurgeon's two-goal game against the Chicago Blackhawks in the Wild's 3-2 win. Minnesota is 15-4-4 overall and 3-2-2 against the Central Division. The Wild are 7-1-2 in games they score one or more power-play goals. Nashville has gone 7-12-5 overall with a 4-1-1 record in Central Division games. The Predators are 7-2-0 when scoring at least three goals. The matchup Saturday is the first meeting this season between the two teams. TOP PERFORMERS: Kirill Kaprizov has 14 goals and 22 assists for the Wild. Marco Rossi has four goals and three assists over the past 10 games. Roman Josi has seven goals and 13 assists for the Predators. Steven Stamkos has scored three goals and added two assists over the past 10 games. LAST 10 GAMES: Wild: 6-2-2, averaging 2.7 goals, 4.5 assists, 3.5 penalties and 8.1 penalty minutes while giving up 1.9 goals per game. Predators: 3-3-4, averaging 2.3 goals, 3.1 assists, 3.5 penalties and 7.6 penalty minutes while giving up 2.3 goals per game. INJURIES: Wild: None listed. Predators: None listed. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar . The Associated Press
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