Home » Business News • Employment News » Texas Instruments’ $30 billion plant could create 3,000 new jobs
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A new $30 billion Texas Instruments plant in Sherman, Texas, could create 3,000 new jobs in the city.
A ground-breaking ceremony to celebrate the start of construction of the facility was held earlier this month.
The company says the move is the largest private-sector economic investment in Texas' history.
CEO Rich Templeton said: "Today is an important milestone as we lay the groundwork for the future growth of semiconductors in electronics to support our customers' demand for decades to come.
"Since our founding more than 90 years ago, we've operated with a passion to create a better world by making electronics more affordable through semiconductors. TI is excited to bring advanced 300-mm semiconductor manufacturing to Sherman."
The project includes plans for four facilities making 30mm semi-conductors, which could support as many as 3,000 jobs.
The plants will make tens of millions of analog and embedded processing chips every day, which will be used around the world.
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David Plyler, mayor of Sherman, said: "This groundbreaking marks the next era of semiconductor production in Sherman that promises to create decades of economic opportunity and improve the quality of life for the region."
"We are grateful for TI's long and continued investment in Sherman and look forward to our continued partnership."
Production is set to start in 2025.
Image: Texas Instruments Chairman, President and CEO Rich Templeton (center); Texas Governor Greg Abbott; and Sherman Mayor David Plyler, along with company leaders, participate in a groundbreaking ceremony for TI’s new 300-mm semiconductor wafer fabs in Sherman, Texas.
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