American-made chips! – Texas Instruments invests $30B for semiconductor chipmaking campus in Sherman, TX

Sharing is Caring!

Dallas-based Texas Instruments is betting big on American-made chips, with an ambitious plan to invest up to $30 billion to build as many as four new semiconductor fabrication plants in Sherman.

TI said Wednesday it will begin construction next year on the first two plants producing its 300-millimeter wafers used in everything from cars and trucks to industrial machinery. It estimates chip production will start by 2025.

Two additional plants could be added at the 4.7 million-square-foot site in Grayson County to meet future chip demand. The company said the plants could employ as many as 3,000 workers when complete.

See also  Financial Services Chairman McHenry: One of the Biggest Problems With American Finance Today is Too Many White Men Working in Banking

..Sherman Mayor David Plyler put an even finer point on TI’s decision.

We thank God that Texas Instruments has made the decision to locate in our growing, historic and business-friendly community,” Plyler said.

Texas Gov. Greg Abbott celebrated TI’s decision to locate the plant in North Texas.

”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,” Abbott said in a statement.



h/t DeploraVision

See also  RUSSIA releases message for American Soldiers

Views: 8

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.