Dallas, Texas-based Texas Instruments Inc. announced Feb. 15 it would be investing in a major expansion of their microchip manufacturing facility in Lehi, Utah.
The Utah Governor’s Office of Economic Opportunity and the Economic Development Corp. of Utah (EDC Utah), which helped develop a package of post-performance tax incentives of up to 30% from the state, says TI agreed to capital expenditures of $11 billion and to creating at least 800 new, mostly high-tech jobs over the next 20 years.