Ground was officially broken on Wednesday at Texas Instruments’ potential $30 billion investment groundbreaking ceremony in Sherman.
Last year, Governor Abbott announced that TI selected Sherman as the location for their next 300-mm fabs, with potential of up to four fabs on the site to meet demand over time.
The Governor was joined at the ceremony by TI President, Chairman, and CEO Rich Templeton, Senator Drew Springer, Representative Reggie Smith, Grayson County Judge Bill Magers, Sherman Mayor David Plyler, and other local community leaders.
“In the midst of a worldwide chip shortage, TI’s historic, long-term investment in Sherman will expand Texas’ global economic influence and benefit Americans across the country by strengthening our domestic semiconductor supply chain,” said Governor Abbott. “This new plant will be a boon to the hardworking people of North Texas, and I thank TI for their continued investment in the Lone Star State as we develop our growing advanced technology industry and keep our state a national leader in semiconductor manufacturing.”
Production at the facility is expected to begin in 2025. It will result in 3,000 anticipated jobs to the region.
“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,” said Rich Templeton, TI Chairman, President, and CEO. “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 $30 billion investment marks the largest private-sector investment in Texas history.
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