TXN · 10-Q · 2026Q2 · Full report
Regulatory Approval Milestones
TEXAS INSTRUMENTS INC · 2026-07-24 · Importance 96 · Surprise 100 · In source text
TI expects the Silicon Labs acquisition to close in the first half of 2027, contingent on receipt of regulatory approvals and other customary closing conditions. The company also reported continued benefits from the U.S. CHIPS and Science Act, including $1.10 billion of cash proceeds in the first six months of 2026 versus $260 million in the prior-year period. TI expects to benefit from a 35% investment tax credit on qualifying manufacturing investments and up to $1.6 billion of direct CHIPS Act funding for three 300mm fabs in Sherman, Texas, and Lehi, Utah; $630 million had been received.
Key facts
- Expect to continue benefiting from the CHIPS Act, including the 35% ITC on qualifying manufacturing investments and direct funding of up to $1.6 billion, of which TI has received $630 million for three large-scale 300mm wafer fabs in Sherman, Texas, and Lehi, Utah. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +1.8% | Expect to continue benefiting from the CHIPS Act, including the 35% ITC on qualifying manufacturing investments and direct funding of up… |
| cash | positive | contingent | +0.4% | Expect to continue benefiting from the CHIPS Act, including the 35% ITC on qualifying manufacturing investments and direct funding of up… |