Sherman's Taiwanese Wafer and TI Chip Plants Will Benefit Northeast Texas
Our business commentator Wyman Williams, former Commerce mayor and long-time businessman, says the plans announced recently for the Taiwanese company GlobalWafer to build a manufacturing plant in Sherman, and previous plans announced by Texas Instruments to expand its microchip making plant in the city will ultimately benefit all of Northeast Texas.
Wyman says the manufacturing of silicon chips and microchips — essential in virtually all electronic products including cars — will create opportunities for business and education in Northeast Texas. The announcement of the GlobalWafer facility this week said the company will invest $5 billion in the project that is expected to create 1,500 jobs. A Texas Enterprise Fund grant of $15 billion helped to attract the company.