“This project is another step toward keeping our grid strong and our economy the envy of the world,” Gov. Greg Abbott said.
MORE►
Sherman
Rayburn Electric Cooperative acquired the Panda Sherman Power Plant in 2023 and renamed it Rayburn Energy Station 1. The new Sherman power plant, Rayburn Energy Station 2, will be built nearby. [Photo: Rayburn Electric Cooperative]
Texas Energy Fund Backs New Sherman Power Plant With $411M Loan
by David Seeley | Jun 4, 2026
The 570-megawatt natural gas plant is the latest project backed by the Texas Energy Fund to add dispatchable power to the ERCOT region. The loan to Rockwall-based Rayburn Electric Cooperative is the seventh issued through the state’s In-ERCOT Generation Loan Program.
“This project is another step toward keeping our grid strong and our economy the envy of the world,” Gov. Greg Abbott said.
“This project is another step toward keeping our grid strong and our economy the envy of the world,” Gov. Greg Abbott said.
by David Seeley |
Dec 17, 2025
Called SM1, TI's new semiconductor "fab" in Sherman represents up to $40 billion in investments. It's slated to ultimately produce "tens of millions of chips daily that go into nearly every electronic device"—from smartphones, automotive systems, and life-saving medical devices to industrial robots, smart home appliances, and data centers.
MORE►
by David Seeley |
Aug 7, 2025
As it announced a new $100 billion commitment to manufacturing in America Monday—for a planned total of $600 billion over the next four years—Apple said a lot of that money will be spent in Sherman, 60 miles north of Dallas. Its partners there include Texas Instruments, GlobalWafers America, and Coherent, which makes the lasers that enable FaceID on iPhones and iPads.
MORE►
by Lance Murray |
Jun 18, 2025
Dallas-based TI said it's working with the Trump administration to expand its U.S. foundational semiconductor manufacturing capacity at its "fab" plants in Richardson and Sherman in North Texas, as well as in Lehi, Utah. Combined, TI’s new manufacturing mega-sites will support more than 60,000 U.S. jobs, the company said.
MORE►
Construction is underway on two of Texas Instruments’ new 300mm semiconductor wafer fabs in Sherman, Texas, SM1 and SM2. The site has the potential for up to four fabs. [Photo: TI]
Texas Instruments Gets Up to $1.6B in Federal CHIPS Funding for Semiconductor Plants in North Texas and Utah
by David Seeley | Aug 16, 2024
The funding from the U.S. Commerce Department will support the construction of two semiconductor wafer fabrication plants in Sherman, 40 miles north of Dallas—part of TI's $30 billion, four "fab" project in the city. It will also support the buildout of another TI fab plant in Lehi, Utah.
MORE►
by David Seeley |
Jul 17, 2024
Under new federal funding announced Wednesday by the Commerce Department, Taiwan-based GlobalWafers will build and expand facilities in Sherman and St. Peters, Missouri. In Sherman, the investment would establish "the first 300mm silicon wafer manufacturing facility for advanced chips" in the U.S.—along with the production of 150mm and 200mm silicon cabide epitaxy wafers.
MORE►
by David Seeley |
Nov 30, 2023
News of the USPTO fast-tracking is surely music to the ears of many North Texas innovators. Just last month, the region was awarded the Texoma Semiconductor 'Fablet' Tech Hub. Meanwhile, TI is building a $30 billion semiconductor campus in Sherman, and GlobiTech is building a $5 billion "fab plant" in the same North Texas city.
MORE►
by David Seeley |
Aug 18, 2023
Dallas-Fort Worth has been growing northward for generations. But momentum kicked up a notch when two big semiconductor wafer fabrication plant projects were slated for Sherman: a $30 billion plan by Texas Instruments to build four "fab" plants, and GlobiTech's planned $5 billion silicon wafer facility. Together, the projects are expected to bring 4,500 jobs to the area.
MORE►
Finisar II-VI [File photo: Apple]
Finisar Considers $3 Billion Semiconductor Expansion Project in Sherman
by Quincy Preston | Dec 7, 2022
A new plant, an expansion to its current 76-acre site, would produce wafers for semiconductor chips and create 700 jobs.
MORE►
by David Seeley |
May 18, 2022
Texas Instruments' 300-mm semiconductor wafer fabrication plants to be built in Sherman mark the largest private sector economic development project in Texas history. The potential investment of $30 billion could create up to 3,000 jobs over time, the company says.
MORE►
by Alex Edwards |
Nov 17, 2021
At full build-out, the 4.7 million-square-foot semiconductor fabrication plant will be the largest electronics production facility in Texas and among the largest manufacturing plants of any kind in the U.S.
MORE►
by David Seeley |
May 5, 2021
The optical tech firm produces iPhone laser technology that powers Face ID, Memoji, Animoji, and Portrait Mode selfies.
MORE►
A Finisar worker looks through a scope. [Photo Courtesy Apple]
Apple Investment Will Help Finisar Open Sherman Plant, Create 500 Jobs
by Lance Murray | Dec 14, 2017
The Sherman facility will be transformed into a high-tech center developing VCSEL chips and is expected to open in the second half of 2018.
MORE►
