Texas Instruments Stays Close To Home With Plans For New Plant

Steven Pickering
April 18, 2019 - 2:17 pm
Computer circuit board

Credit: Eblis/Getty Images

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DALLAS (1080 KRLD) - Texas Instruments Incorporated will build a new semiconductor plant in Richardson near its existing facilities there.

The project will cost about $3.1 billion and create hundreds of new jobs in the city.

“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," said Kyle Flessner, senior vice president of TI’s Technology & Manufacturing Group.

Richardson had been competing with other cities in the United States and China for the new facility. The City of Richardson, the Plano ISD and Collin County all reached a deal for tax incentives for the facility last year. Texas Governor Greg Abbott announced today that the project is also getting a $5.1 million grant from the Texas Enterprise Fund.

"This expansion will create hundreds of jobs, generate billions in capital investment, and further solidify Texas’ reputation both at home and abroad," the Governor said. "I thank Texas Instruments for their investment, and look forward to working with them to build an even brighter future here in Texas."

The Governor's Office says the new facility is expected to create more than 488 jobs. 

"Richardson has long proven to be a hub for tech-based developments such as this," said Richardson Mayor Paul Voelker, "and we are proud TI's global search has led them once again to our community."