Sherman leaders dangle big incentive deals to lure $5 billion silicon wafer plant – The Dallas Morning News

by | Jun 27, 2022 | Jobs

Sherman has scored its second major semiconductor-related expansion with GlobiTech selecting the North Texas city for a new $5 billion plant producing silicon wafers.The subsidiary of Taiwan-based GlobalWafers Co., will create 1,500 new jobs. Texas will provide a $15 million cash grant from its enterprise fund to go along with at least $34 million in local tax incentives.“GlobiTech’s ongoing partnership with the City of Sherman will create more than a thousand new jobs for the region and invest billions of dollars into our state’s economy, boosting Texas’ global position in the semiconductor industry amid a worldwide chip shortage,” Gov. Greg Abbott said Monday in announcing the decision.GlobiTech also was considering sites in Ohio and South Korea for the expansion. GlobalWafers CEO Doris Hsu said the company received “tremendously competitive proposals.”Mark England, the company’s president, described the decision as an “exciting and bold investment in my hometown of Sherman.” He said it represents the first new silicon wafer facility in the U.S. in more than two decades.“Advanced 300 millimeter silicon wafers are currently manufactured in Asia, forcing the U.S. semiconductor industry to rely on imported silicon wafers,” England said in a statement.GlobiTech, founded in 1999, is based in Sherman and already builds silicon wafers there. It opened the second part of its Sherman plant in 2010.Monday’s announcement builds on Dallas-based Texas Instruments Inc.’s decision in November to invest as much as $30 billion to build up to four new semiconductor plants in S …

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