As US semiconductor companies race to expand domestic manufacturing capacity, Texas Instruments (TI) and Micron Technology are emerging as the most aggressive investors, committing tens of billions of dollars to new fabrication facilities. While Intel CEO Lip-Bu Tan’s “subtraction strategy” has steered the company back to revenue growth and profitability in the third quarter of 2025, continued construction delays at its long-promised Ohio plant mean that production remains a pipe dream. In contrast, Micron and TI are moving forward with massive investments in line with President Donald Trump’s “Made in the USA” initiative.