DALLAS, Nov. 17, 2021 /PRNewswire/ -- Texas Instruments
Incorporated (TI) (Nasdaq: TXN) today announced plans to begin
construction next year on its new 300-millimeter semiconductor
wafer fabrication plants (or "fabs") in Sherman, Texas. The North Texas site has the potential for up to
four fabs to meet demand over time, as semiconductor growth in
electronics, particularly in industrial and automotive markets, is
expected to continue well into the future. Construction of the
first and second fabs is set to begin in 2022.
"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," said Rich Templeton, TI's chairman, president and
CEO. "Our commitment to North
Texas spans more than 90 years, and this decision is a
testament to our strong partnership and investment in the
Sherman community."
Production from the first new fab is expected as early as 2025.
With the option to include up to four fabs, total investment
potential at the site could reach approximately $30 billion and support 3,000 direct jobs over
time.
The new fabs will complement TI's existing 300-mm fabs which
include DMOS6 (Dallas, Texas),
RFAB1 and the soon-to-be-completed RFAB2 (both in Richardson, Texas), which is expected to start
production in the second half of 2022. Additionally, LFAB
(Lehi, Utah), which TI recently
acquired, is expected to begin production in early 2023.
About Texas Instruments
Texas Instruments Incorporated (Nasdaq: TXN) is a global
semiconductor company that designs, manufactures, tests and sells
analog and embedded processing chips for markets such as
industrial, automotive, personal electronics, communications
equipment and enterprise systems. Our passion to create a better
world by making electronics more affordable through semiconductors
is alive today, as each generation of innovation builds upon the
last to make our technology smaller, more efficient, more reliable
and more affordable – making it possible for semiconductors to
go into electronics everywhere. We think of this as Engineering
Progress. It's what we do and have been doing for decades. Learn
more at TI.com.
TXN-G
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SOURCE Texas Instruments Incorporated