Texas Instruments, GlobalWafers turn on huge Sherman factories

Two multibillion-dollar projects north of Dallas have recently hit major milestones.

Texas Instruments Inc. and GlobalWafers Co. are building large high-tech manufacturing plants in Sherman, a small city of about 48,000 near the Oklahoma border. After years of construction, the two companies have completed the initial pieces of their respective campuses.

TI (Nasdaq: TXN) confirmed to the Dallas Business Journal on May 29 that it has completed construction of the first of the four semiconductor plants planned at its 1,200-acre site, located off U.S. 75 near Shepherd Road.

A Texas Instruments spokesperson said the Dallas-based company is now in the process of moving employees into the facility and installing equipment. The campus is slated to start shipping semiconductors, to be used in products from phones to cars, later this year.