Gov. Abbott announces GlobiTech semiconductor facility expansion in Sherman
AUSTIN, Texas (KXII) - Governor Greg Abbott announced on Monday that GlobiTech, Incorporated will establish an additional manufacturing facility in Sherman.
The $5-billion silicon plant is the first one in the United States in more than two decades.
According to a press release, the project will create 1,500 new jobs and generate billions of dollars in capital investment.
“The machines that have been ordered that will be going to this facility they will be able to produce the types of wafers that no other facility can I mean they will be able to cut wafers down to 3 to 5 nanometers which that is state of the art,” President of Sherman Economic Development Corporation Kent Sharp said.
A Texas Enterprise Fund (TEF) grant of $15 million has been extended to GlobiTech. In addition, GlobiTech has been offered a $10,000 Veteran Created Job Bonus.
“This will set the pace for obviously future economic growth in the city and less a reliance on property taxes, as you know the state has put caps on property tax rates that we can charge so the new growth funds our city expenses so I suspect soon because of this new growth property tax to decrease in the city,” Sherman Mayor David Plyler said.
GlobiTech, a subsidiary of Taiwan-based GlobalWafers Co., Ltd., provides silicon epitaxy products and services to the worldwide semiconductor industry.
“The State of Texas continues to attract and support world-class manufacturers and global investments that are leading breakthroughs in innovation and technology,” said Governor Abbott. “GlobiTech’s ongoing partnership with the City of Sherman will create more than a thousand new jobs for the region and invest billions of dollars into our state’s economy, boosting Texas’ global position in the semiconductor industry amid a worldwide chip shortage.”
The facility is projected to break ground this September.
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