The Fort Worth City Council met Tuesday to consider a major economic‑development package for AeternZ Semiconductor Testing Corp., a subsidiary of Taiwan’s King Yuan Electronics. The company is evaluating Fort Worth as a site for a $1.3 billion manufacturing plant that would focus on back‑end semiconductor testing and assembly.
Proposed incentives and job guarantees
City officials outlined a 10‑year tax abatement worth up to $50 million—approximately 65 % of the incremental real‑property and business‑personal‑property taxes the project would generate. In exchange, AeternZ would commit to $1 billion in real‑property improvements and $300 million in business‑personal‑property spending.
The agreement also requires the company to create 630 new jobs by the end of 2031, each paying a minimum average salary of $80,000. The projected annual payroll would total about $50 million. If the job or spending targets are not met, the abatements would be forfeited.
Local impact and community involvement
The plant would sit on a 23‑acre parcel at 273 W. Everman Parkway, part of the Fort Worth South Business Park, making it the largest single investment in the I‑35W South corridor to date. AeternZ has pledged that 30 % of its real‑property improvements will be sourced from local small businesses, further integrating the project into the regional economy.
Brianna Brown, assistant director of economic development, emphasized that Fort Worth is one of several North Texas locations under consideration, with an out‑of‑state site also in the mix. She noted that the city is already working with the state on the Texas Semiconductor Innovation Fund, a grant program that supports semiconductor manufacturing, design, research, and workforce development.
Broader semiconductor growth in Fort Worth
This potential plant would join a growing cluster of chip‑related facilities in the area. Earlier this year, Taiwan‑based Wistron began construction on two AI supercomputer manufacturing sites in the AllianceTexas development, investing $761 million and promising more than 800 jobs. In July, Foxlink opened its first North American plant in Fort Worth, projecting 900 new positions.
Mayor and council members expressed optimism that adding another semiconductor operation would solidify Fort Worth’s emerging tech ecosystem, giving the city a competitive edge in a critical national industry.
Next steps
The council is scheduled to vote on the incentive package at its Oct. 27 meeting. If approved and the company selects Fort Worth, the plant would become the company’s first U.S. manufacturing site, featuring a clean‑room environment and a full suite of back‑end semiconductor processes.
Stakeholders and residents are encouraged to follow the council’s deliberations and provide input as the city weighs the long‑term economic benefits of this high‑tech investment.
Original reporting: Fort Worth Report — read the source article.
