Richardson will be home to TI’s new 300mm wafer manufacturing site

Richardson will be home to TI’s new 300mm wafer manufacturing site
 
Texas Instruments will expand its presence in Richardson with its new wafer manufacturing facility.

The new facility is expected to create more than 488 jobs and represent more than $3.1 billion in capital investment.

“The Lone Star State continues to be a leader in the development of innovative technologies because of companies like Texas Instruments,” said Gov. Greg Abbott. “Made in Texas is a powerful label, and this expansion will create hundreds of jobs, generate billions in capital investment, and further solidify Texas’ reputation both at home and abroad. I thank Texas Instruments for their investment, and look forward to working with them to build an even brighter future here in Texas.”

The 300mm analog wafer fabrication facility will be built on W. Renner Road, between Custer Parkway and Alma Road next to its current Renner Road facility. The current Richardson manufacturing facility has about 800 employees; TI employs 9,000 in Texas.

“This is exciting news for our employees and a testament to the North Texas communities where so many of us live and work,” said Kyle Flessner, senior vice president of TI’s Technology & Manufacturing Group in an accompanying blog post.

“We selected Richardson because of some unique advantages the city provides including access to talent, an existing supplier base and multiple airports, as well as operational efficiencies due to the close proximity of the new fab to our existing RFAB.”

Mayor Paul Voelker said “Richardson has long proven to be a hub for tech-based developments such as this, and we are proud TI’s global search has led them once again to our community. Our business environment is competitive, friendly and offers access to a highly trained technical workforce that helps keep us as a top-tier location for projects like this; we look forward to continuing to prove our value to TI as it prepares to develop this new high-tech manufacturing facility.”

A Texas Enterprise Fund (TEF) grant of $5,124,000 has been extended to TI contingent upon the company fulfilling these investment and staffing commitments. Richardson approved tax breaks that add up to $213 million over 10 years. The company will pay $71 million in taxes to the city over that period.

Bill Sproull, CEO of Richardson Chamber of Commerce, said Texas must offer tax breaks to compete for major companies and offset the state's property taxes. Even with Texas Instruments' strong local presence, he said, the city had to put the best deal on the table.

"The competition was serious," he said. "Texas Instruments is a global company, and there are a lot of competitive locations around the U.S. and around the world that they could expand to, so you don't want to take anything for granted."

Flessner said “We plan to begin construction of a new parking garage on our Richardson campus soon to support the growing number of employees at that location We anticipate starting construction in the next few years, but exact timing of factory construction, tool installation and the addition of several hundred jobs to support the new factory will be influenced by market demand and other factors. When completed, this state-of-the-art 300mm analog wafer fab will provide the additional capacity we require to manufacture the innovative products our customers need for decades to come.”

More news stories are available at the following links: 
https://gov.texas.gov/news/post/governor-abbott-announces-texas-instruments-new-300mm-facility-in-richardson

http://e2e.ti.com/blogs_/b/thinkinnovate/archive/2019/04/18/ti-has-selected-richardson_2c00_-texas-as-the-location-for-our-next-300mm-analog-wafer-fab

https://www.bizjournals.com/dallas/news/2019/04/18/texas-instruments-to-build-3-1-billion-richardson.html

https://communityimpact.com/dallas-fort-worth/city-county/2019/04/05/plano-isd-would-receive-20m-over-a-decade-in-proposed-texas-instruments-tax-deal/

https://www.dmagazine.com/commercial-real-estate/2019/04/ti-doubles-down-on-richardson/

https://www.texasstandard.org/stories/texas-instruments-to-add-500-jobs-in-the-metroplex/

https://www.wfaa.com/article/money/business/texas-instruments-to-build-31-billion-manufacturing-plant-in-richardson/287-02ce06b1-995f-4415-aebf-85e6cd8d2905

https://www.dallasnews.com/business/technology/2019/04/18/texas-instruments-build-31billion-facility-create-nearly-500-jobs-richardson