The Dallas Business Journal reported Thursday, Oct. 29, that Sherman is the most likely Texas location for a new chip manufacturing project that Taiwan Semiconductor Manufacturing Co. may build in the state. No project has been announced, and neither TSMC nor the state has confirmed a site.
The Business Journal's story is open only to subscribers. This account relies on what other outlets said about it, chiefly Bisnow, which summarized the report on Friday, Oct. 30, and Commercial Property Executive, which also cited the state filings.
What the documents describe
According to Bisnow, the state documents obtained by the Business Journal describe a chipmaker, unnamed in the records, that is looking at Texas sites for two plants with a combined investment of $45 billion. The connection to TSMC and to Sherman is the Business Journal's reporting; Bisnow wrote that the documents refer to an unnamed manufacturer.
Bisnow also pointed to an earlier Bloomberg report that TSMC was weighing the Dallas-Fort Worth area as a site for as many as six plants, each costing about $20 billion, and said the project could eventually reach $120 billion. The Austin Business Journal has reported that Central Texas is under consideration as well, Bisnow noted.
Why Sherman comes up
The Business Journal pointed to Sherman's land and water supply, according to Bisnow. Rex Glendenning, a land broker in North Texas, said in the Business Journal's story, as quoted by Bisnow: "I think the water that they have [in Sherman] is the only location in our market that I'm aware of that has the volume in capacity to feed that type of engine."
Texas Instruments, GlobalWafers and Coherent have already committed chip-related plants in the city, representing more than $40 billion in investment, by Bisnow's count.
