Texas Instruments to Invest $1 Billion in Developing their Infrastructure in Philippines

Texas Instruments plans to invest up to $1 billion in expanding its Philippine facilities, according to the Southeast Asian country's presidential communications office on Aug 10.

As per the presidential office, Texas Instruments plans to submit an application for the expansion of its sites north of Manila in two weeks.

Texas Instruments Incorporated (TI) is an American technology company based in Dallas, Texas, that designs and manufactures semiconductors and various integrated circuits for sale to electronics designers and manufacturers worldwide. It is one of the top ten semiconductor companies in the world in terms of sales volume. The company primarily focuses on analog chips and embedded processors, which account for more than 80% of its revenue. TI also manufactures calculators, microcontrollers, and multi-core processors, as well as TI digital light processing technology and education technology products. As of 2016, the company held 45,000 patents worldwide.