Governor Abbott Delivers Remarks at the Groundbreaking Ceremony for Texas Instruments’ $30 Billion Investment in Sherman | Oficina del Gobernador de Texas

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May 18, 2022 | Austin, TX | Press release

Governor Greg Abbott today delivered remarks at the groundbreaking ceremony for Texas Instruments (TI)’s potential $30 billion investment in Sherman. Last year, Governor Abbott announced that TI had chosen Sherman as the location for its next 300mm factories, with the potential for up to four factories on the site to meet demand over time. During the groundbreaking ceremony, Governor Abbott thanked local officials for their hard work in bringing TI to Sherman and emphasized the importance of TI’s investment in Texas. Governor Abbott also presented TI with a proclamation and a Texas state flag commemorating the new facility.

The Governor was joined at the ceremony by TI Chairman, President and CEO Rich Templeton, Senator Drew Springer, Rep. Reggie Smith, Grayson County Judge Bill Magers, Sherman Mayor David Plyler and other local community leaders.

“Amid a global chip shortage, TI’s historic long-term investment in Sherman will expand Texas’ global economic influence and benefit Americans across the country by strengthening our national semiconductor supply chain. said Governor Abbott. “This new plant will be a boon to the hard-working people of North Texas, and I thank TI for its continued investment in the Lone Star State as we develop our growing cutting-edge technology industry and our state remains a national leader in the manufacture of semiconductors.

“Today is an important milestone as we lay the foundation for future semiconductor growth in electronics to meet our customers’ demand for decades to come,” said Rich Templeton, president and CEO. from IT. “Since our founding over 90 years ago, we have worked passionately to create a better world by making electronics more affordable through semiconductors. TI is excited to bring advanced 300mm semiconductor manufacturing to Sherman.

TI was founded in Dallas in 1930 and has additional locations in Richardson and Sugar Land. Ranked number 210 on the Fortune 500 list of companies, TI is one of the state’s largest employers and the only semiconductor company headquartered in Texas.

Learn more about IT.


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