Texas Instruments to build semiconductor wafer ‘fab’ plants in Sherman, TX
Texas Instruments (TI) has selected the North Texas city of Sherman as the site for new semiconductor wafer fabrication facilities, with construction on the first and second plants scheduled to begin in 2022, Gov. Greg Abbott announced Wednesday.
TI officials said there is the potential for four new fab plants at the site. The first two plants are expected to begin production in 2025. With the option to include up to four fabs, the company could employ up to 3,000 people in Sherman and invest nearly $30 billion over the coming decades.
“For more than 90 years, TI has been a member of the powerful ‘Made in Texas’ brand, and we are proud that the company has chosen to continue its legacy of innovation in the Lone Star State,” Abbott said. “In addition to bringing billions of dollars in capital investment and thousands of new jobs to North Texas, this historic investment will keep Texas a national leader in semiconductor manufacturing while also strengthening the domestic semiconductor supply chain.”
Business Facilities Magazine ranked Texas No. 1 in the nation for semiconductors in its July 2021 State, Metro and Global Rankings Report.
“Texas, with its pro-business climate and the nation’s second largest workforce, is well equipped to handle this major investment in the state’s semiconductor capacity,” said Robert Allen, President and CEO of the Texas Economic Development Corporation in Austin. “We value TI’s 90-year commitment to Texas and are excited about the company’s planned creation of thousands of new jobs for Texans.”
TI is a Dallas-based semiconductor company, founded in 1930, that makes processing chips. In addition to Sherman, TI has other Texas locations in Richardson and Houston.