Texas Governor Greg Abbott announced a $33.6 million grant for Texas Instruments to support a major expansion of its semiconductor manufacturing facility in Richardson. The project includes a $700 million capital investment to increase production capacity and advance manufacturing technology.

Investment and Expansion

The investment will expand production capacity, enhance manufacturing capabilities, and support new process technologies at the Richardson facility. Texas Instruments said the project will strengthen production of analog and embedded processing semiconductors used in products ranging from satellites and automobiles to smartphones and other electronic devices.

Abbott stated, “Texas is where the integrated circuit was born and where the future is forged. Texas Instruments is a global trailblazer, and this expansion of their historic, long-term investment in our great state advances Texas’ leadership in semiconductor manufacturing.”

Company Background

Headquartered in Dallas, Texas Instruments is a Fortune 500 company and the nation’s largest manufacturer of analog and embedded processing semiconductors. The company developed the world’s first commercial silicon transistor in 1954 and invented the integrated circuit four years later.

Mohammad Yunus, senior vice president of Texas Instruments’ Technology and Manufacturing Group, said the grant recognizes the company’s continued investment in Texas. State Sen. Bob Hall praised the investment, saying it reinforces Texas’ role in the nation’s semiconductor industry.

Original reporting: The Dallas Express — read the source article.