The company shared dates for the construction of its remaining plants planned for the Sherman campus.
2:52 PM on Feb 3, 2022 CST
“It is increasingly clear that the secular growth of semiconductor content will continue for at least another 10 to 15 years,” the Dallas-based chipmaker’s chief executive, Rafael Lizardi, told analysts and investors during a presentation.A major part of its production expansion will happen in Sherman, where it plans to begin building two out of four factories this year. TI will complete construction on the first two factories and expects to begin production at the first in 2025.
Each of the Sherman plants is expected to generate $5 billion to $6 billion in revenue annually for the company once fully equipped and operational, Lizardi said.announced its plansWhen fully built out, TI’s investment in the Sherman campus will total $30 billion, which would make it one of the largest corporate investments in the state’s history.
TI beat profit and revenue expectations in its final 2021 financial statement released last week and attributed strong revenue to increased demand for its products in the automotive and industrial sectors where it plans toIn the automotive sector, vehicles increasingly require more computer chips for their infotainment, body and lighting and safety systems, much of which is powered in part by analog and embedded chip technology made by TI.
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