Texas Instruments opens the company's first semiconductor manufacturing plant in China
Texas Instruments Incorporated (NYSE: TXN) (TI) announced its first wafer fabrication facility, or "fab," in China. This important milestone puts manufacturing close to the company's growing customer base there. Located in the Chengdu High-tech Zone (CDHT), which is considered by many to be China's next major technology hub, TI Chengdu will further expand TI's analog production capacity.
The fab is a fully equipped 200mm manufacturing facility and was purchased from Cension Semiconductor Manufacturing Company. It includes an operating 120,000-square- foot fab that can support more than $1 billion in annual revenue and a 134,000-square-foot fab reserved for future production needs.
"TI has been committed to serving the China market for 25 years," said Gregg Lowe, TI senior vice president for Analog. "Increasingly, customers there are using TI's analog chips for the real-world functions in their electronic applications. This fab in Chengdu will strengthen our ability to support customers' growing requirements and deliver analog products when and where customers need them."
This announcement follows TI manufacturing expansions in the U.S., Japan
and Germany over the past 24 months.
For more information about TI delivery capacity and analog manufacturing investments, please see www.ti.com/chengdu-pr
Statements contained in this press release regarding the capability of acquired capacity to expand TI's Analog revenue, and other statements of management's beliefs, goals and expectations, are forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
The forward-looking statements included in this release are made only as of the date of this release, and TI undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.
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