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TEXAS INSTRUMENTS BREAKS GROUND ON NEW 300-MM SEMICONDUCTOR WAFER FABRICATION
PLANTS IN SHERMAN, TEXAS


THE LANDMARK INVESTMENT COULD REACH $30 BILLION AND CREATE AS MANY AS 3,000 JOBS
OVER TIME


 

Texas Instruments Chairman, President and CEO Rich Templeton (center); Texas
Governor Greg Abbott; and Sherman Mayor David Plyler, along with company
leaders, participate in a groundbreaking ceremony for TI’s new 300-mm
semiconductor wafer fabs in Sherman, Texas.
 * Download high-res


 * Download high-res



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



SOURCE Texas Instruments




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