TI Confirms $3B Dallas Fab
Online staff -- EDN, June 30, 2003
Texas Instruments Inc. has confirmed that it will be investing $3 billion in a new 300mm fab near the University of Texas at Dallas (UTD).
The Richardson, Texas, site will see the multi-year investment subsequent to the expected 2005 groundbreaking. This will be TI's second 300mm plant following DMOS 6 opening in Dallas in 2001. When fully operational, the facility is expected to employ up to 1,000 people.
As several tech companies look more and more toward Asia/Pacific, TI said it chose the location as the result of collaboration between TI, the State of Texas, the University of Texas System and several local governmental and economic development entities.
"TI spends almost $1 billion a year on capital and a significant portion will continue to stay in Texas with this planned expansion," said Tom Engibous, TI's chairman, president and CEO, in a statement. "This state has been a great home for TI for many years. The opportunity to contribute to the development of the Texas economy through cooperative agreements with the government and higher education institutions takes us into a new era. This new facility and the enhanced research and engineering programs at UTD are great news not only for TI and its customers, but for the state and nation as a whole."
More than $300 million in new funding from a combination of private and public sources will be directed to the Erik Jonsson School of Engineering and Computer Science at UTD as a result of TI selecting Texas for its next manufacturing site. Included is $50 million from the newly created Texas Enterprise Fund as part of the State's economic development package for TI.
"The State's commitment to a large investment in the Jonsson School was important in our decision to locate a facility of this magnitude here in North Texas," Engibous said. "UTD is now poised to move into the ranks of the country's great engineering schools. We all stand to gain from the well-educated workforce and top-notch R&D programs this effort will produce."
The Richardson site will mainly produce DSPs and analog-based SOCs for wireless, broadband and digital consumer applications, TI said.
