Texas Instruments and GlobiTech score B of subsidies for Sherman semiconductor plants
Dallas-based Texas Instruments and Taiwanese-owned GlobiTech are in line for almost $3 billion in property tax breaks that the city of Sherman, the...
Dallas-based Texas Instruments and Taiwanese-owned GlobiTech are in line for almost $3 billion in property tax breaks that the city of Sherman, the local school district and others gave up to lure semiconductor and silicon wafer factories. Texas Instruments stands to save $2.36 billion on its property taxes over 35 years as a part of an economic incentive deal for a manufacturing campus with four facilities and 3,000 new workers to make semiconductor chips amid a worldwide shortage of the critical computer components, said Good Jobs First research analyst Jacob Whiton, who has followed the recent surge in federal, state and local subsidies for the semiconductor industry.