Texas Instruments picks Sherman for fabrication plants, may invest $30 billion, hire 3,000 – Dallas Business Journal – Dallas Business Journal






Texas Instruments Inc., amid a chip shortage, has selected Sherman for more manufacturing capacity – and the potential investment could reach $30 billion.
The Dallas semiconductor company plans to begin construction next year on 300-millimeter semiconductor wafer fabrication plants, according to a statement on Wednesday. The locale has the potential for up to four such manufacturing operations.
Production from the first fab is expected as early as 2025. With all four, the site has the potential to support 3,000 direct jobs over time.
Sherman was under consideration for a new plant earlier this year. That came after the company said in 2020 it would be shuttering an existing factory there.
Texas Instruments (NASDAQ: TXN) is investing in its manufacturing capacity as it benefits from having its own plants while its industry is strained by shortages. The company is building a new fab in Richardson that’s set to be running in the second half of next year.
It also recently acquired a plant in Utah from Micron for about $900 million, and it’s set to begin production in early 2023.
“Sherman provides some unique advantages such as a competitive business environment, access to a highly trained technical workforce and an existing supplier base,” said Kyle Flessner, senior vice president of technology and manufacturing at TI, in a statement. “The proximity to our other manufacturing operations in Dallas and Richardson will help us further scale our efforts and build on operational efficiencies.”
Construction of the first and second fabs is set to begin next year.
“TI’s future analog and embedded processing 300-mm fabs at the Sherman site are part of our long-term capacity planning to continue to strengthen our manufacturing and technology competitive advantage and support our customers’ demand in the coming decades,” CEO Rich Templeton said in the announcement.
The company reported $4.64 billion in sales during the third quarter. That up 22% from the year-ago period, though slower than the pace in the second quarter.
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