Texas Instruments expanding capacity at chip plant, buys manufacturing tools from Qimonda

Texas Instruments expanding chip plant

DALLAS — Texas Instruments Inc. said Tuesday it is ramping up a second phase of expansion at a factory near its Dallas headquarters.

The chip maker said it has already acquired manufacturing tools from Germany’s Qimonda AG for the Richardson, Texas, plant, but did not disclose financial details.

TI said the expansion will double the plant’s capacity to produce chips that go into products such as cell phones, computers and telecommunications equipment.

When completed, the factory should be able to generate annual revenues of about $2 billion, the company said. TI had overall revenue of $10.43 billion last year.

The company’s stock was down 47 cents, to $26.69 in afternoon trading.