BUSINESS + ECONOMY

Texas Instruments expanding in Lehi, will build microchips

Feb 15, 2023, 9:30 PM | Updated: Feb 16, 2023, 7:16 am

Utah’s getting a bigger semiconductor chip plant at Silicon Slopes. Texas Instruments has selecte...

Gov. Spencer Cox talks about Texas Instruments' next 300-mm wafer fab in Lehi during a press conference at the Capitol in Salt Lake City, on Wednesday, Feb. 15, 2023. TI says its $11 billion investment will lead to manufacturing tens of millions of analog and embedded processing chips daily and around 800 new jobs. (Kristin Murphy, Deseret News)

(Kristin Murphy, Deseret News)

LEHI, Utah — Utah’s getting a bigger semiconductor chip plant at Silicon Slopes. Texas Instruments has selected Lehi to build a second semiconductor wafer fabrication plant (or fab).

“We did have other options,” said incoming TI CEO Haviv Ilan. “I think the talent we have [in Utah] was a big factor, the second thing was community. We feel we can do business here for decades to come.”

The company says the new farm will bring in 800 jobs, with pay starting around $110,000 per year.  It’s an $11 billion dollar investment in Utah.

“Particularly in industrial and automotive and the passage of the CHIPS and Science act, there is no better time to invest in semiconductor manufacturing,” said Illan.

Texas Instruments also got some tax incentives to set up in the Beehive state.

“TI may receive up to 30% of the additional state taxes it will pay over the 20-year life of the agreement in the form of a tax credit. Each year TI meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit,” the Governor’s office says.

Gov. Spencer Cox made the announcement today. He was joined by Utah’s Senate President Stuart Adams, R-Layton, House Speaker Brad Wilson, R-Kaysville, and Congressman Burgess Owens, R-Utah.

Members of the governor’s Office of Economic Development called the announcement “a huge day for team Utah.”

Related reading:

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Business + Economy

Consumers who pay in cash used to get discounts. Now, it can cost you extra as we shift away from p...

Amanda Dickson

Want to pay cash? That might cost extra

Consumers who pay in cash used to get discounts. Now, it can cost you extra as we shift away from paying with cash in our society.

20 hours ago

On July of 2024, The Sundance Institute is bringing back to Utah the Sundance Film Festival films w...

Esme Sanchez Estevez

Free Sundance summer screenings return to Utah

Free Sundance Film summer screenings will be held in Park City, Salt Lake City, and West Valley City. 

4 days ago

Incumbent Gov. Spencer Cox, left, shakes hands with Utah Rep. Phil Lyman after Utah’s gubernatori...

Andrew Gordon

Cost of 2034 Olympic games addressed by Utah’s GOP gubernatorial candidates in debate

The 2034 Winter Olympic Games could cost around $4 billion, but there is a hope it won't cost Utah taxpayers anything.

5 days ago

Johnson & Johnson brand baby powder, one of several products at the center of lawsuits against the ...

Kyle Remund

State of Utah reaches settlement with Johnson & Johnson

Johnson & Johnson will be giving Utah and many other states a massive payout due to deceptive marketing practices for talc-based products.

5 days ago

Customers wait in line for Starbucks, the chain just announced new value meal options...

Mariah Maynes

Starbucks joins value meal race with new ‘Pairings’ options

Like its competitors, Starbucks is adding a value meal to boost sales. The coffee chain is calling them "Pairings."

6 days ago

FILE: A TRAX vehicle wrapped in Olympic imagery during a visit of the International Olympic Committ...

Tammy Kikuchi

Organizers reveal 2034 Olympics budget, total comes in slightly less than 2002

Utah hopes to be named as the host city for the 2034 games, and budget planning is already underway.

8 days ago

Sponsored Articles

Underwater shot of the fisherman holding the fish...

Bear Lake Convention and Visitors Bureau

Your Bear Lake fishing guide

Bear Lake offers year-round fishing opportunities. By preparing ahead of time, you might go home with a big catch!

A group of people cut a purple ribbon...

Comcast

Comcast announces major fiber network expansion in Utah

Comcast's commitment to delivering extensive coverage signifies a monumental leap toward a digitally empowered future for Utahns.

a doctor putting her hand on the chest of her patient...

Intermountain Health

Intermountain nurse-midwives launch new gynecology access clinic

An access clinic launched by Intermountain nurse-midwives provides women with comprehensive gynecology care.

Young couple hugging while a realtor in a suit hands them keys in a new home...

Utah Association of Realtors

Buying a home this spring? Avoid these 5 costly pitfalls

By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.

a person dressed up as a nordic viking in a dragon boat resembling the bear lake monster...

Bear Lake Convention and Visitors Bureau

The Legend of the Bear Lake Monster

The Bear Lake monster has captivated people in the region for centuries, with tales that range from the believable to the bizarre.

...

Live Nation Concerts

All the artists coming to Utah First Credit Union Amphitheatre (formerly USANA Amp) this summer

Summer concerts are more than just entertainment; they’re a celebration of life, love, and connection.

Texas Instruments expanding in Lehi, will build microchips