Texas Instruments commits $60 billion to semiconductor complexes — with $46 billion for North Texas sites
The Dallas-based tech giant says it will spend more than $60 billion on three new semiconductor complexes — two in North Texas and a third in Utah.
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Texas is slated to capture a massive chunk of a $60 billion semiconductor investment by Texas Instruments, and plants in Sherman and Richardson are poised to get the lion’s share of the spending.
Dallas-based TI (Nasdaq: TXN) revealed June 18 it has committed more than $60 billion across three semiconductor complexes in Richardson and Sherman, Texas, and Levi, Utah. The funding appears to be the largest semiconductor investment in the U.S. and would support more than 60,000 jobs across the country.
The company has dedicated about $40 billion of the investment to its Sherman campus, $6 billion to its Richardson site and the rest of the funding to its Utah campus.
The announcement comes as the company confirmed to Dallas Business Journal that it completed the first plant in its Sherman mega-site after three years of construction and is currently focused on installing equipment and moving employees into the facility. The plant will start shipping semiconductors, which are used in a wide range of products such as phones and cars, later this year.
