Texas Instruments to build new chip plants in Texas; add up to 3,000 jobs

November 22, 2021

Texas Instruments (NASDAQ:TXN) said Wednesday it will build new chip-fabrication plants in North Texas as part of an investment in production that could reach $30 billion.

TI (TXN) said construction at the Sherman, Texas site will start with two facilities next year, and could expand to include four chip fabrication plants. As many as 3,000 jobs are expected to be created by the new TI expansion.

Rich Templeman, TI's chief executive, said in a statement that the new plants are "part of our long-term capacity planning to continue to strengthen our manufacturing and technology competitive advantage and support our customers' demand in the coming decades."

The first products from the facilities are expected to roll off the assembly line in 2025.

TI (TXN), which supplies products for Apple (NASDAQ:AAPL), recently was caught up in Apple saying that its quarterly results were heavily impacted by semiconductor supply chain shortages.

Over the current book year the total revenue will be 17.92 billion USD (consensus estimates). This is rather significant more than 2021's revenue of 14.46 billion USD.

Historical revenues and results Texas Instruments plus estimates 2021

The analysts expect for 2021 a net profit of 7.44 billion USD. The majority of the analysts expects for this year a profit per share of 7.94 USD. The PE-ratio therefore is 24.58.

Per share the analysts expect a dividend of 4.18 USD per share. Thus the dividend yield equals 2.14 percent. The average dividend yield of the semiconductor companies equals a low 1.12 percent.

Based on the current number of outstanding shares Texas Instruments 's market capitalization 181.9 billion USD. 27

On Friday the stock closed at 195.16 USD.

Historical stock prices Texas Instruments past 10 years

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