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Texas Instruments (TXN) to build new Texas-based chip plant

By Joyanta Acharjee

15:58, 17 November 2021

A Texas Instruments signal processing chip
Investment in the Sherman chip site could reach $30bn and add 3,000 jobs – Photo: Alamy

Texas Instruments is to begin construction of new semiconductor wafer fabrication plants – known as fabs – in Sherman, Texas in 2022.

Total investment potential at the site could reach $30bn (£22bn) and support 3,000 jobs over time, the company said in a press release.

Founded in 1930, Texas Instruments (TI) is a global semiconductor company that makes and sells microchips for a variety of industries and consumer markets.

It has 30,000 employees and 15 manufacturing sites across the world.

Pocket calculators

TI made the first hand-held calculator in 1967 and still makes pocket calculators – its programmable calculators are a favourite among science and maths students.

The company is also known for educational toys such as Speak & Spell, which was a hit in the 1980s.


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The North Texas site has the potential for up to four fabs to meet demand over time, TI said. Construction of the first and second fabs is set to begin in 2022.

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Supporting demand

“TI's future analogue and embedded processing 300-mm fabs at the Sherman site are part of our long-term capacity planning to continue to strengthen our manufacturing and technology competitive advantage and support our customers’ demand in the coming decades,” said company chairman, president and CEO Rich Templeton.

Production from the first new Sherman chip plant is expected as soon as 2025.

The new fabs will be in addition to existing plants in Dallas and Richardson, Texas, and in Lehi, Utah, where production is set to begin in 2023.

Read more: Cloud companies weigh Intel alternatives

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Texas Instruments
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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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