SHERMAN,
Texas, May 18, 2022 /PRNewswire/ -- Texas
Instruments (TI) (Nasdaq: TXN) today broke ground on its new
300-mm semiconductor wafer fabrication plants (or "fabs") in
Sherman, Texas. In a
groundbreaking ceremony attended by elected officials and community
leaders, TI Chairman, President and CEO Rich Templeton celebrated the start of
construction on the largest private-sector economic investment in
Texas history and reiterated the
company's commitment to expanding its internal manufacturing
capacity for the long term.
"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," Templeton said. "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 potential $30 billion
investment includes plans for four fabs to meet demand over time,
supporting as many as 3,000 direct jobs. The new fabs will
manufacture tens of millions of analog and embedded processing
chips daily that will go into electronics everywhere.
"This groundbreaking marks the next era of semiconductor
production in Sherman that
promises to create decades of economic opportunity and improve the
quality of life for the region," said David
Plyler, mayor of Sherman.
"We are grateful for TI's long and continued investment in
Sherman and look forward to our
continued partnership."
Sustainable manufacturing
TI has a long-standing commitment to responsible, sustainable
manufacturing. The new fabs will be designed to meet one of the
Leadership in Energy and Environmental Design (LEED) building
rating system's highest levels of structural efficiency and
sustainability: LEED Gold. Advanced 300-mm equipment and
processes in Sherman will further
reduce waste, water and energy consumption.
Investing in internal 300-mm manufacturing
Production from the first Sherman fab is expected in 2025. The fabs will
complement TI's existing 300-mm fabs, which include DMOS6
(Dallas), RFAB1 and the
soon-to-be-completed RFAB2 (both in Richardson, Texas), which is expected to start
production later this year. Additionally, LFAB (Lehi, Utah) is expected to begin production in
early 2023. "These investments in long-term manufacturing capacity
further extend the company's cost advantage and provide greater
control of our supply chain," Templeton said.
Learn more about TI in Sherman
For b-roll video, event and site photos, and a fact sheet, visit
TI.com/Sherman.
About Texas Instruments
Texas Instruments Incorporated (Nasdaq: TXN) is a global
semiconductor company that designs, manufactures, tests and sells
analog and embedded processing chips for markets such as
industrial, automotive, personal electronics, communications
equipment and enterprise systems. Our passion to create a better
world by making electronics more affordable through semiconductors
is alive today, as each generation of innovation builds upon the
last to make our technology smaller, more efficient, more reliable
and more affordable – making it possible for semiconductors to go
into electronics everywhere. We think of this as Engineering
Progress. It's what we do and have been doing for decades. Learn
more at TI.com.
TXN-G
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SOURCE Texas Instruments