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Texas Instruments Lists Fab Construction Plans

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  • TXN
  • Texas Instruments Inc (NASDAQ: TXN) plans to begin construction next year on its new 300-millimeter semiconductor wafer fabrication plants (or fabs) in Sherman, Texas.

  • The North Texas site has the potential for up to four fabs to meet demand. Construction of the first and second fabs will begin in 2022.

  • Production from the first new fab will be likely by early as 2025.

  • There is an option to include up to four fabs, and the total investment potential at the site could reach $30 billion and support 3,000 direct jobs over time.

  • The new fabs will complement TI's existing 300-mm fabs, including DMOS6 (Dallas, Texas), RFAB1, and the soon-to-be-completed RFAB2 (both in Richardson, Texas), will likely start production in the second half of 2022.

  • Additionally, LFAB (Lehi, Utah), which TI recently acquired, will begin production in early 2023.

  • Price Action: TXN shares traded lower by 0.54% at $187.5 on the last check Wednesday.

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