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Texas Instruments is expanding its Richardson factory Dallas Business Journal – by Jeff Bounds Senior staff writer Texas Instruments is launching the second phase of an expansion of its Richardson chip factory, giving it the potential to generate an additional $1 billion in revenue annually. The first phase of the buildout began in October 2009, when the factory was opened, and has the potential to generate about $1 billion in annual revenue. That means the first two phases combined have the potential to create a total of $2 billion in revenue annually. TI reported $10.4 billion in revenue in 2009.
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Phase one and two combined will put two-thirds of the 1.1 million-square-foot facility in use, leaving room for even more growth, the Dallas microchip maker said in a news release. TI is putting an additional 100 used tools in the Richardson building that it acquired out of bankruptcy from Qimonda North America and Qimonda Dresden, Germany, according to the release and a TI spokeswoman. TI paid about $75 million for that equipment. Between the first two phases of the Richardson buildout, TI paid roughly 18 cents on the dollar for the gear compared to the cost of buying it new, the spokeswoman said.
The company has not yet announced when it might buy more equipment for the Richardson factory, the spokeswoman said. The Richardson plant is on track to have 250 employees by the end of this year. There is no timeline available for when more hiring might occur, according to the spokeswoman. TI has previously said the Richardson plant will eventually employ as many as 1,000 people.jbounds@bizjournals.com |
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CITY OF RICHARDSON ANNOUNCES CELESTICA EXPANSION AT TELECOM PARKWAY CAMPUS
Advanced manufacturing project brings significant investment and job growth to Richardson (Richardson, TX) – The City of Richardson is pleased to announce that Celestica, a global leader in data center infrastructure and advanced technology...