Texas Instruments to Build $3.1 Billion Facility, Create Nearly 500 Jobs in Richardson

Editor's note: This story is developing and will be updated.Dallas-based Texas Instruments has chosen Richardson as the site for an approximately $3.1 billion facility that's expected to create more than 488 jobs.Texas Governor Greg Abbott announced the news Thursday morning on the governor's office website. The semiconductor company will receive millions of dollars in tax incentives from the state, along with Collin County, Plano ISD and the city of Richardson. It will receive more than $5.1 million from the Texas Enterprise Fund, the state's so-called deal closer fund, if it follows through on its capital investment and job creation commitments.With the new facility, Texas Instruments is doubling down on North Texas. It already has a large factory in Richardson and owns the land where the facility will be built. It has more than 9,000 employees in Texas.The new plant will boost Texas Instruments' chip production for a broad range of uses, such as smartphones, connected cars and industrial machinery. It's already the biggest maker of analog semiconductors.Kyle Flessner, senior vice president of the company's technology & manufacturing group, said in a news release that Texas Instruments chose Richardson because of its proximity to its other Richardson facility and "its access to talent, an existing supplier base and multiple airports." Abbott called Texas "a leader in the development of innovative technologies because of companies like Texas Instruments" in the news release."Made in Texas is a powerful label, and this expansion will create hundreds of jobs, generate billions in capital investment, and further solidify Texas' reputation both at home and abroad," he said.  Continue reading...