Sherman Picked for New $5B Silicon Wafer Plant, Bringing 1,500 New Jobs to North Texas » Dallas Innovates

2022-06-28 17:17:34 By : Mr. Andy Yang

Silicon wafers like the ones seen here are used in manufacturing semiconductors. A global shortage of semiconductor chips has exacerbated supply chain issues worldwide. The new GlobiTech facility in Sherman will aim to alleviate that by bringing more manufacturing capacity to the U.S.—and right here in North Texas. [Photo: GlobiTech]

Sherman is set to be home to a sprawling new silicon wafer plant in a win that bolsters the city’s place as a hub of high-tech manufacturing.

Local firm GlobiTech, a subsidiary of Taiwan-based GlobalWafers, has selected the North Texas city as the site of its new $5 billion silicon wafer manufacturing facility at a time when a shortage of the product in the global market is contributing to inflation and supply chain issues.

“With the global chips shortage and ongoing geopolitical concerns, GlobalWafers is taking this opportunity to address the United States semiconductor supply chain resiliency issue,” said Doris HSU, chairman and CEO at GlobalWafers, in a statement.

Beating out two other potential sites in Ohio and South Korea, the 3.2 million square-foot Sherman facility will create 1,500 new jobs. To be built in four phases, with construction kicking off later this year, the new GlobiTech plant could eventually produce more than 1 million silicon wafers monthly when production begins by 2025. Adding to the 17 other manufacturing sites the company’s parent operates globally, the Sherman facility has the potential to generate between $5 million and $7 million in city revenue annually, The Dallas Morning News reports.

GlobiTech’s move is being aided by a $15 million grant from the Texas Enterprise Fund, a performance-based financial incentive aimed at “deal-closing” corporate projects. In addition, the Sherman Economic Development Corporation is awarding the company $20 million in cash incentives and more than $14 million in land, along with other breaks on taxes and municipal utility fees. According to the Wall Street Journal, the project could potentially land federal funding, pending the passage of legislation currently in front of Congress.

“This is another step by the state in highlighting Texas as a world leader in economic development, and Sherman is right in the heart of the advanced technology solutions growth,” said Tyson Bennet, superintendent at Sherman ISD, in a statement.

GlobiTech has been headquartered in Sherman since it was founded in 1999. It opened a second manufacturing plant in the city about a decade later, according to the DMN.

GlobiTech’s announcement comes just one month after Texas Instruments broke ground on its own new semiconductor wafer fabrication plants with a potential $30 billion investment for up to four facilities. TI’s move will create around 3,000 jobs. 

“Sherman has spent years building a business-friendly climate and laying the groundwork to support large employers,” Mayor David Plyler said in a statement. “Now, for the second time in less than a year, that investment has paid huge dividends.”

The move to build new chip-making capacity comes amid a global shortage of chips in the semiconductor industry, as demand for everything from cars to cellphones has outpaced the ability of manufacturers to keep pace. A number of larger manufacturers in the space have reported selling out of their product through at least 2026, and the lack of availability has been attributed to declining sales for companies, including Toyota and Apple.

“Advanced 300-millimeter silicon wafers are currently manufactured in Asia, forcing the U.S. semiconductor industry to rely on imported silicon wafers,” said Mark England, GlobiTech president, in a statement. “This exciting and bold investment in my hometown of Sherman will represent the first new silicon wafer facility in the U.S. in over two decades and close a critical semiconductor supply chain gap.”

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Sherman is set to be home to a sprawling new silicon wafer plant in a win that bolsters the city’s place as a hub of high-tech manufacturing.

Local firm GlobiTech, a subsidiary of Taiwan-based GlobalWafers, has selected the North Texas city as the site of its new $5 billion silicon wafer manufacturing facility at a time when a shortage of the product in the global market is contributing to inflation and supply chain issues....

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With conversation exploding around bottlenecks in supply chain and logistics, new trends are emerging on how to problem solve and scale rapidly, and the team at the AllianceTexas Mobility Innovation Zone (MIZ) has consistently been at the helm of facilitating impactful conversations and driving strategic partnerships with key players in the public and private sectors to push innovation in surface and air mobility to new heights....

News travels fast. We’re here to help you keep up.

Each weekday, Dallas Innovates brings you up to date on what you may have missed in the region’s innovation, technology, and impact news....

Robert Neely Founder InspireMore .…on reaching half a billion people with good news, via Voyage Dallas....

The world is changing at a rapid pace, and the technology industry is at the forefront of this change. If your company is making a difference in the world through technology, the Deloitte Technology Fast 500 is the award to win....

North Texas is a big place with plenty of opportunities. Here’s a curated roundup of contests and competitions; accelerator and recognition programs; and resource and grant opportunities for North Texas innovators. ...

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Sherman is set to be home to a sprawling new silicon wafer plant in a win that bolsters the city’s place as a hub of high-tech manufacturing.

Local firm GlobiTech, a subsidiary of Taiwan-based GlobalWafers, has selected the North Texas city as the site of its new $5 billion silicon wafer manufacturing facility at a time when a shortage of the product in the global market is contributing to inflation and supply chain issues....

Alto needs room to grow, and it just got it. The Dallas-based ridesharing company has leased a new 16,000-square-foot headquarters at 141 Manufacturing St. in the Dallas Design District.

News of Alto’s new HQ follows the startup’s expansion into Silicon Valley, which it announced in March. ...

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