Investing
Texas Instruments plans up to $1 billion investment to expand Philippine facilities
© Reuters. FILE PHOTO: A Texas Instruments Office is shown in San Diego, California, U.S., April 24, 2018. REUTERS/Mike Blake
MANILA (Reuters) – Analog chipmaker Texas Instruments (NASDAQ:) is planning to invest up to $1 billion to expand its Philippine facilities, the Southeast Asian nation’s presidential communications office said on Thursday.
Texas Instruments is set to submit in two weeks an application covering the expansion of its sites north of the capital Manila, the presidential office said.
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