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Subsidy Tracker Individual Entry

Company: Texas Instruments
Parent Company: Texas Instruments
Subsidy Source: local
Location: Texas
City: Sherman
County: Grayson
Project Description: Semiconductor manufacturing campus
Year: 2021
Major Industry of Parent: electrical and electronic equipment
Specific Industry of Parent: semiconductors
Subsidy Value: $2,357,472,509
Subsidy Value in 2023 Dollars: $2,653,337,671
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
MEGADEAL

Number of Jobs or Training Slots: 3,200
Wage Data: $48,775
Wage Data Type: Average annual wages
Capital Investment: $29,057,000,000
Source of Data: Chapter 313 School Value Limitation Agreements #1641-44: (click here). Chapter 380/381 Economic Development Agreements #0005208 and #0003152-55: (click here). Dom DiFurio and Natalie Walters, November 18, 2021, "Texas Instruments selects Sherman for potential $30 billion semiconductor chipmaking campus," The Dallas Morning News, (click here).
Notes: Texas Instruments is building four new semiconductor fabs on a megasite outside the north Texas city of Sherman, the first of which is expected to open in 2025 and the final facility in 2040. All four fabs have been awarded property tax abatements from Sherman ISD, the city of Sherman, Grayson County, and Grayson College: Sherman ISD's Chapter 313 abatement caps each facility's taxable value at $80M for 10 years (est. $954M), while under the Chapter 380/381 program the city and county will refund 90% of each facility's property taxes for 20 years (est. $741M and $541M, respectively). Grayson College agreed to refund half of the company's property taxes for a 10-year period under the Chapter 312 abatement program (est. $91M). Subsidy value does not include a 20% discount on water utility rates also awarded by the city of Sherman. Job, wage, and investment figures are based on company expectations across all four fabs. For details on the company's minimum job creation, wage, and investment requirements, see original contracts on the the state comptroller's website. Overlaps with main data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.