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

on

|

views

and

comments

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.
© 2021 American City Business Journals. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/21) and Privacy Policy and Cookie Statement (updated 7/20/21). The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals.

source

Share this
Tags

Must-read

Master list of the McDonald’s locations in Dallas selling the McPlant – CultureMap Dallas

McDonald's has bestowed upon Dallas-Fort Worth foodies a tremendous gift: North Texas will be among the first areas in the U.S. to have the...

Academic Groups Send Letters in Support of Professor Michael Phillips, Demand Reinstatement to Collin College – Dallas Observer

Dallas' independent source of local news and culture account Education Simone Carter February 11, 2022 4:00AM The...

Life Time Expands Footprint in Dallas/Fort Worth with Feb. 11 Opening of 124000-Square-Foot Luxury Athletic Resort in Frisco – Star Local Media

Sunny. High near 75F. Winds SW at 10 to 20 mph.. Partly cloudy skies this evening will become overcast overnight. Low 41F. Winds NNE at...
spot_img

Recent articles

More like this

LEAVE A REPLY

Please enter your comment!
Please enter your name here