Texas Instruments selects Sherman for new plant site
SHERMAN, Texas (KXII) - For months now, Sherman has been in a tight race against Singapore for a new Texas Instruments manufacturing plant.
After a long wait, Tuesday TI finally announced their decision.
Next year, Texas Instruments will be building a 4. 7 million square foot plant onto its existing property, making it the largest electronic production facility in the state and among the biggest manufacturing plant in the country.
“30 years of economic development, look, I never dreamed that I would get to work on a deal that had a B in its name,” said Kent Sharp, the president of the Sherman Economic Development Corporation.
The $29 billion production plant will be calling Sherman home and giving a chance for potentially thousands of more people to plant their roots here too.
“There will be 3200 jobs, good-paying jobs, that people will live here locally, will spend their money locally, and that will have a cascading effect across our community, so it’s a fantastic day in Grayson County and in Sherman,” said Grayson County Judge Bill Magers.
TI will be hiring workers of all backgrounds.
Sherman Mayor David Plyler says the average salary will be over $55,000.
“There are opportunities for everybody, of every education level, you know, those who’ve finished high school, those who have gone to college, those with advanced degrees, everybody’s got an opportunity here,” said Plyler.
The facility, built on the same land where Sherman’s current TI plant is, will soon cease operations.
The new plant will produce 300-millimeter semiconductor wafers, something that can be used in everything from automobiles to electronics and more.
“If you’ve tried to buy a car or truck, you’ve seen the dealer lots empty,” said Plyler. “There’s a lot of need right now, so it’s [the plant] going to be one of the solutions to that need.”
There are four phases to the plan, two of which will see construction begin next year.
Production is expected to start in 2025.
“This is why we run for office,” said Magers. “This is why you serve your community. Days like this don’t happen very often. It’s a great feeling of humble and pride that we as a community came together and landed the deal.”
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