Texas Instruments (TI) broke ground this week on its new 300 mm semiconductor wafer fabrication plants in Sherman, according to a news release.
The plant is one of the largest private-sector economic investments in Texas and reflects the company’s commitment to expanding its internal manufacturing capacity, according to the release.
Chairman, President and CEO Rich Templeton was at the groundbreaking, said to be the largest private-sector economic investment in Texas history, and he reiterated the company's commitment to expanding its internal manufacturing capacity for the long term.
“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,” Templeton said. “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 potential $30 billion investment includes plans for four fabrication plants to meet demand over time, supporting up to 3,000 jobs. The new plants will manufacture tens of millions of analog and embedded processing chips daily.
“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,” said David Plyler, mayor of Sherman. “We are grateful for TI's long and continued investment in Sherman and look forward to our continued partnership.”
Production from the first Sherman plant is expected in 2025, according to the release.
“These investments in long-term manufacturing capacity further extend the company's cost advantage and provide greater control of our supply chain,” Templeton said.
Headquartered in Dallas, TI is a global semiconductor company that designs, manufactures, tests and sells analog and embedded processing chips for markets including industrial, automotive, personal electronics, communications equipment and enterprise systems. It was founded in 1930.
