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TI sets up assembly/test facility in Chengdu, China

Posted: 11 Jun 2013 ?? ?Print Version ?Bookmark and Share

Keywords:assembly/test facility? wafer fabrication?

Texas Instruments Inc. (TI) has revealed its long-term strategy for manufacturing facilities in Chengdu, China. Future plans of the company include an assembly/test operation and the expansion of its existing wafer fabrication factory. TI's investments in these operations could total up to $1.69 billion over the next 15 years and potentially include facilities, manufacturing equipment and land, stated TI.

"The Chengdu Hi-Tech Zone has been an excellent location for TI's manufacturing investments in China. We believe this region offers significant benefits to TI and the more than 100,000 customers we serve," said Kevin Ritchie, SVP of TI's technology & manufacturing group.

This investment plan does not change TI's 2013 capital spending forecast. The company continues to expect its capital spending levels to remain about four per cent of revenue until revenue exceeds $18 billion and should then range between 4-7 per cent of revenue over the long term.

Since opening its fab in Chengdu in 2010, TI has made a significant investment in the site, as well as in the surrounding community. TI is near completion of a new classroom building at the TI Project Hope School in rural Nanbu County and has donated 30 TI Project Hope libraries as part of the China Youth Development Foundation's effort to aid schools in need of being rebuilt or modernised. TI has also donated 50 multimedia classrooms to other rural schools in Sichuan. In addition, TI and its employees donated about $0.6M to support earthquake relief to Wenchuan and Ya'an in Sichuan.

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