Texas Instruments Delays Construction of $3.1 Billion Chip Plant in Richardson by Two Years, Filing Says

This story is developing and will be updated.Texas Instruments has pushed back plans to build a $3.1 billion semiconductor plant in Richardson by two years, according to a letter sent to state officials.In a letter to the Texas Comptroller's office in mid-May, an attorney for the Dallas-based chipmaker said it "must delay construction of the facility beyond what it originally estimated." The attorney, Fred Stormer, attributed the delay to "current market conditions."Texas Instruments now plans to begin construction in July, August or September of 2021 and start hiring new employees about a year later, the letter says. The plant will start production in early 2024.The Dallas-based chip maker announced in April that it chose North Texas for the new facility, which is expected to ramp up production of chips used in a wide range of products, including smartphones, connected cars and industrial machinery. The 870,000 square-foot plant is planned for the company's property on W. Renner Road, between Custer Parkway and Alma Road. It's expected to create nearly 500 jobs.  Continue reading...