TI on track to open first phase of new facility in 2025
25 Sep 2023
News and Media, PR
9/25/2023 (Michael Hutchins, Herald Democrat)
Construction on the first phase of Texas Instrument’s new $30 billion is on schedule to begin production some time in 2025. Officials for the company gave a brief update on the project this week during the second annual Mayor’s Economic Roundtable.
Kyle Flessner, Texas Instruments senior vice president of technology and manufacturing, sat down with Sherman Economic Development Corp. President Kent Sharp during this year’s event to discuss the ongoing project and the kinds of products that TI has and will produce in Texoma.
“We are a very diverse company; when you hear about TI, everyone first thinks calculators,” Flessner said. “Honestly, that is a tiny fraction of what we do. We love that business, but the bulk of our business is in analog and embedded processing.”
In the fall of 2021, Texas Instruments announced plans to invest nearly $30 billion in a new manufacturing facility that would be built in four proposed phases and focus on the production of semiconductors. The company held a groundbreaking for the construction of the first phase in early 2022.
Flessner confirmed this week that the construction phase is on track and the facility will be outfitted with equipment and machinery throughout 2024. This will allow the plat to begin production of components in 2025.