RICHARDSON (WBAP/KLIF) – Texas Instruments Incorporated (TI) announced Thursday it will increase its presence in Richardson and build a new 300mm analog semiconductor wafer fabrication facility.
Upon completion, the new facility is expected to create more than 488 jobs and represent more than $3.1 billion in capital investment.
“The Lone Star State continues to be a leader in the development of innovative technologies because of companies like Texas Instruments,” said Governor Abbott. “Made in Texas is a powerful label, and this expansion will create hundreds of jobs, generate billions in capital investment, and further solidify Texas’ reputation both at home and abroad. I thank Texas Instruments for their investment, and look forward to working with them to build an even brighter future here in Texas.”
The new 870,000 square-foot facility will be built on Renner Road.
“We’ve selected Richardson for our next 300mm analog wafer fabrication facility because of its access to talent, an existing supplier base and multiple airports, as well as operational efficiencies due to the close proximity of the new facility to our existing Richardson factory (RFAB),” said Kyle Flessner, senior vice president of TI’s Technology & Manufacturing Group. “This factory is an important step in our strategy to invest in more 300mm manufacturing capacity, which is a competitive advantage for our company and will enable us to continue to support our customers well into the future.”
A Texas Enterprise Fund grant of $5,124,000 has been extended to TI contingent upon the company fulfilling these investment and staffing commitments.
Copyright 2019. WBAP/KLIF News. All Rights Reserved.