SHERMAN, Texas — Texas Instruments hosted a grand opening on Wednesday to celebrate the start of production at its new semiconductor factory in Sherman, Texas, near the Oklahoma border.
Gov. Greg Abbott was at the event alongside Texas Instruments President and CEO Haviv Ilan, state Sen. Brent Hagenbuch, state Rep. Shelley Luther, Sherman Mayor Shawn Teamann and other state and local officials.
“A huge day for the entire industry, as well as for the advancement of some of semiconductors the United States of America,” said Abbott.
Texas Instruments’ Sherman mega-site represents an investment of up to $40 billion and is expected to support 3,000 new jobs and thousands of indirect jobs. The North Texas site will produce tens of millions of chips daily that are critical for vehicles, smartphones, data centers and everyday electronics.
This new facility comes a couple of years after the 2023 Texas Chip Act was signed into law. The act was in response to the computer chip shortage following the pandemic.
Abbott vowed to funnel funding to programs to leverage Texas’ investments in the semiconductor industry, encouraging semiconductor-related companies to expand in the state. More than $660 million was appropriated for the creation of advanced research and development centers at the University of Texas at Austin and Texas A&M University. Also, hundreds of millions went to other programs and grants for what the governor describes as critical investments.
“TI is a huge part of our booming economy, it’s one reason why Texas ranks number one in America for the most new jobs,” said Abbott.