TXN · 10-Q · 2026Q3 · Full report
CHIPS Act Incentives
TEXAS INSTRUMENTS INC · 2026-10-23 · Importance 75 · Surprise 64 · In source text
For the first nine months of 2026, Texas Instruments received $1.10 billion in cash proceeds from incentives under the U.S. CHIPS and Science Act, compared with $335 million in the year-ago period. The company also used $380 million of CHIPS Act investment tax credits to reduce income taxes payable, compared with $246 million in the first nine months of 2025. TI expects to continue benefiting from the 35% investment tax credit on qualifying manufacturing investments and up to $1.6 billion in direct funding for three large-scale 300mm wafer fabs in Sherman, Texas, and Lehi, Utah; it had received $630 million of that funding.
Key facts
- TI expects to continue benefiting from the CHIPS Act, including a 35% ITC on qualifying manufacturing investments and direct funding of up to $1.6 billion for three large-scale 300mm wafer fabs in Sherman, Texas, and Lehi, Utah; TI has received $630 million of that funding. source
- TI received $1.10 billion of CHIPS Act incentive cash proceeds in the first nine months of 2026, compared with $335 million in the year-ago period. source
- TI's operating cash flows included CHIPS Act investment tax credit cash benefits of $380 million in the first nine months of 2026 and $246 million in the year-ago period. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +2.1% | TI received $1.10 billion of CHIPS Act incentive cash proceeds in the first nine months of 2026, compared with $335 million in the… |
| cash | positive | probable | +0.7% | TI expects to continue benefiting from the CHIPS Act, including a 35% ITC on qualifying manufacturing investments and direct funding of up… |
| net_income | positive | probable | — | TI expects to continue benefiting from the CHIPS Act, including a 35% ITC on qualifying manufacturing investments and direct funding of up… |