Governor Greg Abbott announced that a Texas Semiconductor Innovation Fund grant of $33.6 million has been extended to Texas Instruments Incorporated for expanded capacity and technology investments at the company's 300mm wafer fab in Richardson. The project is expected to total about $700 million in capital investment.
"Texas is where the integrated circuit was born and where the future is forged," Abbott said. "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."
Texas Instruments, a Fortune 500 company headquartered in Dallas, is the largest foundational semiconductor manufacturer in the United States, producing analog and embedded processing chips used in vehicles, smartphones and satellites. The company pioneered the silicon transistor in 1954 and the integrated circuit in 1958.
The grant is funded through the Texas CHIPS Act, which Abbott signed into law in 2023 to establish the Texas Semiconductor Innovation Fund and the Texas Semiconductor Innovation Consortium. Those programs, administered by the Texas CHIPS Office, are designed to keep the state at the forefront of chip research, design and manufacturing.
