Round Rock’s Dell Technologies Inc. plans to reincorporate in Texas. Although incorporated in Deleware, the company has been headquartered in the Austin suburb since 1994. ( Aaron E. Martinez / American-Statesman)
Dell Technologies Inc. plans to reincorporate from Delaware to Texas.
The Round Rock-based technology giant’s board unanimously approved the move to its home state and shareholders will vote on the proposal at the company’s annual meeting in June, according to a company announcement.
“From my dorm room at the University of Texas in 1984 to our headquarters today in Round Rock, Texas has given Dell what every great company needs to grow — extraordinary talent, world-class research universities, and a business environment that lets us build for the long term,” CEO and board chairman Michael Dell said in the announcement. “Texas is where Dell has innovated, expanded, and invested for more than four decades, and bringing our legal home to Texas reflects what we’ve been building here all along.”
The company has been headquartered in the Austin suburb since 1994, a decade after Dell founded the firm. The company employs 97,000 worldwide as of Jan. 30, including about 7,400 people in Round Rock.
Dell has been pouring investment into its home state in recent months, renovating parts of its Round Rock headquarters and its chief executive gifting more than $750 million to build a new UT medical center focused around artificial intelligence applications.
Amid an ongoing AI boom, Dell reported $5.94 billion in profit last year, up 30% from the prior year, on $113.54 billion in revenue.
Dell Technologies CEO and chairman Michael Dell announces a $750 million gift to the University of Texas on April 21. Dell’s company has been investing heavily in Central Texas in recent months, including several renovations and expansions of its Round Rock headquarters. (Jay Janner/Austin American-Statesman)
The move comes as Texas positions itself to compete with Delaware for corporate incorporations. Delaware has long been the preferred state for companies and startups because of its business-friendly legal system. As of last year, more than 60% of Fortune 500 companies were incorporated there.
Texas has also cultivated a reputation as a business-friendly state and has taken steps to strengthen that position in recent years. Senate Bill 29 and Senate Bill 1057, both signed into law in 2025, place additional limits on certain derivative lawsuits against companies registered in Texas and raise ownership thresholds for shareholders of publicly traded companies.
Dell joins a growing group of companies that recently made the switch to Texas, including Elon Musk’s Tesla and SpaceX, both of which both made the change in 2024.