Press release
Texas Instruments selects Lehi, Utah, for its next 300-millimeter semiconductor wafer fab
The historic $11 billion investment in manufacturing capacity further extends the company's cost advantage and provides greater control of supply DALLAS and
About this update from Texas Instruments Incorporated
[{"type":"text","content":"The historic $11 billion investment in manufacturing capacity further extends the company's cost advantage and provides greater control of supply\n\n\nDALLAS and SALT LAKE CITY, Feb. 15, 2023 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today announced plans to build its next 300-millimeter semiconductor wafer fabrication plant (or fab) in Lehi, Utah. The new fab will be located next to the company's existing 300-mm semiconductor wafer fab in Lehi, LFAB. Once completed, TI's two Lehi fabs will operate as a single fab.\n\n \n \n \n \n \n \n\n \n\"This new fab is part of our long-term, 300-mm manufacturing roadmap to build the capacity our customers will need for decades to come,\" said Haviv Ilan, TI executive vice president and chief operating officer, and incoming president and chief executive officer. \"Our decision to build a second fab in Lehi underscores our commitment to Utah and is a testament to the talented team there who will lay the groundwork for another important chapter in TI's future. With the anticipated growth of semiconductors in electronics, particularly in industrial and automotive, and the passage of the CHIPS and Science Act, there is no better time to further invest in our internal manufacturing capacity.\"\nThe landmark $11 billion investment marks the largest economic investment in Utah history. The Lehi expansion will create approximately 800 additional TI jobs as well as thousands of indirect jobs. TI looks forward to strengthening its partnership with the Alpine School District and will invest $9 million to improve student opportunities and outcomes.\n \"Companies like Texas Instruments continue to invest in Utah because of our world-class business climate and exceptional workforce,\" said Utah Gov. Spencer Cox. \"TI's new semiconductor fab will solidify Utah as a global semiconductor manufacturing hub for generations to come.\"\nLehi is an ideal location because of its access to skilled talent, robust existing infrastructure and strong network of community partners. The new fab will manufacture tens of millions of analog and embedded processing chips daily that will go into electronics everywhere.\nThe fab will be designed to meet one of the Leadership in Energy and Environmental Design (LEED) building rating system's highest levels of structural efficiency and sustainability: LE...