The CHIPS for America award will provide Texas Instruments Sherman, Texas up to $900 million in total direct funding under the CHIPS and Science Act to support the construction of two new, large-scale 300-mm fabrication facilities that are expected to produce 65nm – 130nm analog and embedded processing semiconductors, with anticipated production capacity of tens of millions chips every day. The Sherman site is one of the only greenfield production sites for current-generation and mature-node chips on 300-mm wafers in the U.S.