$1.6 billion dollars to fund Texas Instruments’ new facilities, thousands of jobs expected

SHERMAN, Texas (KXII) – This exciting news for Sherman, TX and the entire Texoma region is what Sherman Mayor David Plyler calls a “generational change.”

“Yesterday, I received a call from Washington, D.C., from the commerce department, indicating that TI had received a $1.6 billion grant from the chips act,” said Plyler.

The grant is to fund three new TI wafer fabrication facilities, two of which are in Sherman (SM1 and SM2) and the third is in Lehi, Utah.

“This grant is split between Sherman and their facility in Utah that’s undergoing construction just like the one here,” said Plyler. “We’re so grateful not only to the commerce department, but to senator Cornyn, who actually was one of the authors of the CHIPS act.”

Plyler says it takes a lot to run these two facilities, which are expected to produce millions of processing chips.

“Not only are these engineering jobs and high tech production jobs, but of course they have security,  cafeteria, custodial, they have all these other jobs that go together to provide this working facility,” Plyler said.

Sherman’s two working facilities will be designed to support a sustainable future for both the environment and its employees.

“They’re able to get a job with good insurance and a good salary and childcare and things of that nature,” said Plyler. “It’s going to make a huge difference in a lot of citizens’ lives.”

Plyler says developments like this in Sherman help set the booming city apart from other metros like Dallas, TX. A small town feel coupled with a company that’s been here for over 90 years, reasons Plyler says opportunities are endless here.

On Tuesday, News 12 covered the tortilla chip production coming to town and Plyler says the addition of food manufacturing in Sherman helps the town persevere through economic highs and lows.

“Diversification in your industrial parks is a good thing,” he said. “It kind of gets you through dips and valleys and different economic forecasts throughout the ages.”

Optimism persists for future employees as jobs are steadily heading to Texoma.

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