July 1, 2003 – Dallas, TX – Texas Instruments has confirmed reports that it will build a $3 billion fab in Richardson, Texas, just outside of Dallas.
Groundbreaking for the new facility, which will produce DSP and analog-based SoC devices from 300mm wafers, is scheduled for the end of 2005. TI already has a 300mm fab in Dallas which has been operational since 2001.
The new site is part of a collaboration involving TI, the state of Texas and the University of Texas system, as well as local governmental and economic development bodies. Financial analyst firm The Perryman Group estimates the new facility and UTD investment will generate as much as 75,000 jobs and $12 billion in total expenses for the region.
The announcement also results in the university’s Jonsson School of Engineering and Computer Science receiving $300 million in funding.