Texas Instruments Lists Fab Construction Plans

Texas Instruments Inc 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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