Texas Instruments to Build New Chip Manufacturing Campus in Sherman, Texas

Texas Instruments announced Wednesday it would break ground in 2022 on a new semiconductor campus in Sherman, Texas. In a company statement November 17, the Dallas, Texas-based semiconductor manufacturer said construction on two of possibly four chip fabrication plants—or “fabs”—would begin next year. All told, TI said, the campus could cost as much as $30 billion, include up to four fabs in total, and eventually support 3,000 new jobs. The site is designed to scale up over a period of time to four plants in order to meet long-term demand for chips, TI said, but production from the first fab of 300-millimeter processing chips could start as soon as 2025. TI anticipates demand for semiconductors to grow over the long term, including notably in automotive and industrial settings.