Texas Instruments' 2022 Sherman Project Completed Ahead Of Schedule

Texas Instruments' 2022 Sherman project completed ahead of schedule

Back in 2021, TI announced plans to build as many as four new semiconductor chip manufacturing plants in Sherman. According to its announcement, the first two fabs to be built will start producing TI's 300mm wafers in 2025.

From the acquisition of 300mm fabs in the early years to the investment in the construction of 300mm fabs in the past two years, it can be seen that TI is accelerating the pace of analog chips to 300mm.

As the world's largest analog chip manufacturer, according to TI's latest financial report, although the market is enthusiastic about the demand for analog chips, the analog chip giant is also facing a shortage of supply - Reuters reported that, The company, which makes analog and embedded processing chips used in smartphones and cars, is facing a shortage of components used to make the chips, hampering its ability to make a profit amid rising demand.

In order to meet the needs of customers, a TI spokesperson pointed out in a statement in August that due to the growth trend of the semiconductor market, TI has formulated a development plan to strengthen TI's manufacturing and technological competitiveness in the next 10 to 15 years, allowing TI to reduce costs and control the supply chain. As part of its long-term capacity planning, TI is evaluating new fab locations, which may be expanded over time to meet growing customer needs.

SHERMAN, Texas (KTEN) — Texas Instruments, the sixth-largest U.S. manufacturing company, is reportedly finalizing plans for a massive new computer chip manufacturing facility in Sherman.

But TI now says it expects the project to be completed much earlier than initially expected -- by 2030.

“The city makes about $3.6 million a year per plant,” said Sherman Mayor David Plyler. "So, as we expect, this timeline will increase by about $70 million."

The city believes TI's decision to speed up its program has a lot to do with the country's shortage of computer chips.

"It's just the overall climate of the economy, the needs of the auto industry and other industries that rely heavily on these chips, and they're now some of the federal funding for these chips," Plyler said.

Mike Ayers, owner of a new Sherman coffee shop called The Loft in the city center, is cheering for TI.

"Part of that has to do with downtown Sherman's ability to attract people, and I think it will," he said. "People moving into the area will be interested in knowing what's going on in the city centre."

Premiere Baby Imaging looks forward to the arrival of new parents.

"Especially for our business, you know, young families...newlyweds...that sort of thing, they all have kids," said co-owner Erika Lambright. "It will definitely bring more revenue to our business."

Mayor Plyler acknowledged that accelerating TI's schedule means Sherman has to pick up the pace too.

"We have a lot to do, so we're working with our engineering folks," he said. "Everyone is doing these preparations for the new company."

Texas Instruments expects to start making chips by 2026, as the campus reaches full capacity by 2030.