By Colin Kellaher

 

Texas Instruments Inc. on Wednesday said it has chosen the north Texas city of Sherman as the site for a planned chip-making operation that could bring an investment of as much as $30 billion.

The Dallas company said it will begin construction on a pair of 300-millimeter semiconductor wafer fabrication plants, or fabs, in Sherman next year, adding that the site has the potential for up to four fabs to meet expected growth in demand for semiconductors in electronics, particularly in the industrial and automotive markets.

Texas Instruments said it expects production from the first new fab in Sherman as early as 2025. The company said the site has the potential to support 3,000 direct jobs over time.

Texas Instruments is investing heavily in long-term manufacturing capacity, which is says will extends its cost advantage and provide greater control of its supply chain.

Texas Instruments is currently spending more than $3 billion on a 300-millimeter fab in Richardson that is slated to begin production in the second half of 2022. The company last month shelled out $900 million to buy Micron Technology Inc.'s 300-millimeter wafer fab in Lehi, Utah, and expects output from that plant to begin in early 2023.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

November 17, 2021 09:46 ET (14:46 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Texas Instruments (NASDAQ:TXN)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Texas Instruments Charts.
Texas Instruments (NASDAQ:TXN)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Texas Instruments Charts.