Texas Instruments to build $3.1 billion chip plant, create nearly 500 jobs in Richardson
Dallas-based Texas Instruments has chosen Richardson as the site for a $3.1 billion semiconductor facility that's expected to create more than 488 jobs.
The new 870,000 square-foot plant will be built on W. Renner Road, between Custer Parkway and Alma Road. It will boost Texas Instruments' chip production for a broad range of uses, such as smartphones, connected cars and industrial machinery. The company is already the biggest maker of analog semiconductors.
Texas Instruments plans to produce its more cost-effective 300 millimeter wafers at the facility. Each wafer is cut up into numerous analog chips. The 300 millmeter wafers can yield twice as many chips as the company's 200 millimeter product.
Gov. Greg Abbott, who announced the decision Thursday morning, said the state will assist Texas Instruments with $5.1 million in grant money from the Texas Enterprise Fund, the state's so-called deal closer fund. To receive the money, Texas Instruments must first create a minimum of 488 jobs.
Read more: https://www.dallasnews.com/business/technology/2019/04/18/texas-instruments-build-31billion-facility-create-nearly-500-jobs-richardson
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