Texas Instruments to Begin 300-Mm Wafer Fab Expansion Next Year
November 17 2021 - 10:01AM
Dow Jones News
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)
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