Texas Instruments is investing more than $60 billion across seven semiconductor fabs, a move that the Dallas-based company says will help its customers, such as Apple and SpaceX, achieve technological breakthroughs.

Apple component supplier Texas Instruments is making the largest investment in foundational U.S. chip production to date, expanding with a $60 billion build across Texas and Utah.

The Dallas-based tech giant says it will spend more than $60 billion on three new semiconductor complexes -- two in North Texas and a third in Utah.