Texas Instruments Gets More Time to Decide on Plans for New $3.2 Billion Facility

Dallas-based Texas Instruments has gotten a deadline extension as it weighs whether to invest up to $3.2 billion to build a new semiconductor factory in Richardson and negotiates potential tax incentives.Plano ISD agreed Tuesday to give the school district and the company more time to consider an application for a 10-year tax incentive agreement that'd be worth tens of millions of dollars. The new deadline is April 15.Texas Instruments spokeswoman Nicole Bernard said in an email that the company is still researching multiple locations."Richardson is one candidate being considered for a new facility," she wrote. "This is a competitive and global site-selection process, and we're taking additional time to make sure we fully explore all options without yet committing to a particular site location."The potential Richardson site is within Plano ISD's boundaries. Texas Instruments already owns the land and has business operations there. The chipmaker has more than 9,000 employees in Texas, but also has a global presence with 15 manufacturing sites in nine countries.In its application, the company said the new facility could create as many as 625 jobs. But it could still get the tax break if it created only 25 jobs, but invested in buildings and equipment. Those 25 jobs would pay a minimum of $117,589 a year, the application said.  Continue reading...

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