As Texas Instruments Breaks Ground on New $30 Billion Facility in Sherman, Texas Expands It's Global Economic Influence


"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."
– Governor Greg Abbott

Texas Insider Report: AUSTIN, Texas – After announcing last year that Texas Instruments had selected Sherman as the location for their next 300-mm fabrications – with potential of up to four fabs on the site to meet demand over time – Governor Greg Abbott yestereday participated in a groundbreaking ceremony in Sherman at Texas Instruments' (TI) potential $30 billion investment site.
 
"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," said Abbott during the groundbreaking ceremony, while also thanking Sherman's local officials for their hard work to bring TI to the area.

To note the significance of TI's investment in Texas, the governor also presented TI with a proclamation and Texas State Flag commemorating the new facility. 

Governor Abbott was joined at the ceremony by:
 
  • TI President, Chairman & CEO Rich Templeton (right)
  • State Senator Drew Springer
  • State Representative Reggie Smith
  • Grayson County Judge Bill Magers
  • Sherman Mayor David Plyler, and numerous other Local Community Leaders. 
 
Ranked number 210 on the Fortune 500 List of largest corporations in the United States, TI is one of the largest employers in Texas and the only semiconductor company headquartered in Texas.

"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

"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, Texas Instruments Chairman, President & 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," Templetom said.

Texas Instruments was founded in Dallas in 1930, and has additional locations in Richardson and Sugar Land, Texas.
 

 
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