City and business leaders are reacting to Utah's deal with Texas Instruments that will result in the company building a second chip factory in Lehi and hundreds of high-paying jobs.
LEHI – City and business leaders applaudedthat will result in the company building a second chip factory in Lehi and adding hundreds of high-paying jobs.
The 800 new jobs will have an average salary of $110,000 and Johnson said the area's highly educated workforce is ready to fill those positions. "Great opportunity for us to see another great, big organization really planting their roots here inside of Utah," said Ryan Boswell, the senior director of growth at Silicon Slopes. "We have diligent, hard workers and we've got people who want to make Utah better and better over and over again."
Texas Instruments was awarded a post-performance tax reduction for the new factory. The tax credit is expected to save Texas Instruments up to $34.6 million in taxes over 20 years, the governor's office told KSL.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas Instruments to invest $11B in Lehi facility expansion, bring 800 new jobs to UtahIn what leaders say is the 'largest private economic investment in Utah history,' Texas Instruments is set to invest $11 billion in an expansion of its Lehi facility. The expansion will also bring 800 new jobs to Utah.
Read more »
Utah strikes deal with Texas Instruments for $11B expansion in LehiThe expansion of the Lehi plant, which currently employs about 1,100 people, will bring some 800 additional jobs to Utah's Silicon Slopes. 'These are high-paying jobs,' said Texas Instruments CEO Haviv Ilan, with an average salary of $110,000.
Read more »
Texas Instruments to create 800 more jobs in Utah as it builds 2nd chip wafer fabTexas Instruments Inc. said Wednesday it will build a second 300-millimeter semiconductor wafer fabrication plant in Lehi, Utah, as part of the chip maker’s...
Read more »
Texas Instruments to build new $11 billion semiconductor plant in UtahConstruction is slated to begin the second half of 2023, with production as early as 2026, as the Dallas-based company continues to invest in the U.S.
Read more »
Texas Instruments selects Utah for its newest wafer fab facility - Dallas Business JournalThe new fab will be located next to Dallas-based Texas Instruments' existing wafer fab in Lehi, Utah. When completed, the two factories will operate as a single fab.
Read more »
Lehi woman loses $1,000 in NBA All-Star Game tickets scamThe NBA All-Star Game is sold out and has been for a week. If you want tickets, it means buying them from someone who already has them. But how do you know if the tickets you are buying are any good?
Read more »