Texas Instruments plans $3 billion chip factory near UT-Dallas
Sat, Jun. 28, 2003
DALLAS - Texas Instruments Inc. plans to build a $3 billion chip factory that will employ about 1,000 workers near the University of Texas at Dallas, The Dallas Morning News reported in Saturday's editions.
The project is part of a deal with Gov. Rick Perry that sends state funds to the school for research.
Perry will visit the campus in Richardson on Monday to announce the deal, the newspaper reported, citing unnamed sources familiar with the matter.
Perry earmarked about $50 million for the university, taking the money from a $295 million fund set aside by the Legislature to lure corporations using economic incentives.
Dallas-based TI made state funding for the university a condition of building the plant in the area.
The company, one of the world's top chip makers, considered other potential sites for the facility. TI operates chip factories in Europe and Asia
Since TI executives founded the University of Texas at Dallas in 1961, the company and the university have maintained close ties.
The factory plans will help the university as it strives to become one of the nation's top research facilities, said Murray Leaf, president of the university's faculty senate.
"It's a very big deal," Leaf said. "It fits in all sorts of ways."