Governor Greg Abbott announced on Thursday that Texas Instruments will receive a $33.6 million grant to fund a significant expansion of its semiconductor manufacturing operations in Richardson. The funding comes from the Texas Semiconductor Innovation Fund, which was established under the Texas CHIPS Act signed into law in 2023.
The company plans to invest approximately $700 million in capital to increase production capacity and upgrade manufacturing technology at its 300-millimeter wafer fabrication plant, referred to as RFAB. According to the governor’s office, the project aims to enhance manufacturing capabilities and support new process technologies at the Richardson site.
Texas Instruments stated that the expansion will strengthen the production of analog and embedded processing semiconductors. These components are utilized in a variety of products, including satellites, automobiles, and smartphones. The company is headquartered in Dallas and is recognized as the largest manufacturer of these types of semiconductors in the United States.
Mohammad Yunus, senior vice president of Texas Instruments’ Technology and Manufacturing Group, said the grant acknowledges the company’s ongoing investment in the state. He noted that the award reinforces the company’s commitment to producing foundational technology for electronic devices. State Sen. Bob Hall also praised the investment, stating it supports Texas’ role in the national semiconductor industry and strengthens the American supply chain.
The grant is administered by the Texas CHIPS Office within the Governor’s Economic Development & Tourism Office. State officials indicated that the Texas Semiconductor Innovation Fund and the Texas Semiconductor Innovation Consortium are designed to encourage additional industry investment and expand partnerships with higher education institutions.