Texas Instruments is preparing to expand its chipmaking facilities.
The company said that it had purchased a 120,000 square foot factory along with another 134,000 square feet of space for future expansion in in Chengdu, China.
The facility, purchased from the Cension Semiconductor Manufacturing Company, will primarily be used for fabrication of semiconductors.
Texas Instruments believes that the factory can support the manufacturing of as much as $1bn worth of components annually.
"Increasingly, customers there are using TI's analog chips …