Texas Instruments Plans $46 Billion North Texas Investments

Texas Instruments is betting big on its home state.

The Dallas-based chipmaker is investing a record-setting $60 billion into semiconductor manufacturing, with roughly $46 billion earmarked for its campuses in Sherman and Richardson, the Dallas Business Journal reported. The manufacturing plants are already driving real estate development in the area.

The company confirmed it has completed construction of the first plant in its Sherman mega-campus and has begun installing equipment and moving in employees. The facility is expected to start shipping chips by the end of this year.

The 1,200-acre Sherman complex, located off U.S. 75 near Shepherd Road, will eventually include four chip fabrication plants totaling about 4.2 million square feet. TI has already finished exterior work on the second building, and the full buildout is expected to support up to 3,000 jobs. The firm has committed about $40 billion to the site.

Another $6 billion will be directed to the company’s Richardson site, while the rest of the funds will go toward a third semiconductor facility in Lehi, Utah.

If the investment goes as planned, it would mark the largest semiconductor manufacturing commitment in U.S. history, according to the company. TI estimates the full $60 billion initiative will support more than 60,000 jobs nationwide.

U.S. Commerce Secretary Howard Lutnick called Texas Instruments a “bedrock American company” and a key player in reshoring domestic chipmaking capacity.

Numerous projects are transforming the rural outskirts of North Texas into a strategic semiconductor hub amid growing geopolitical pressure to reduce U.S. dependence on overseas chip production.

The Sherman project — first announced in 2021 — has been one of the state’s most-watched advanced manufacturing developments. It helped draw Taiwanese chipmaker GlobalWafers to the region; it’s investing $5 billion into its own plant nearby to supply TI with silicon wafers.

The chip boom has spurred multiple developments for infrastructure and worker housing nearby, most recently including developer Cope Equities’ $250 million Jamestown Square mixed-use project.

— Judah Duke