Texas Instruments Sherman
Sherman, TX | 300mm Analog/Embedded Processing
12-Month Risk Trend
Monthly scores calculated from weighted factor assessments. Historical data reflects month-end evaluations.
Risk Score Breakdown
Four equally-weighted factors. Workforce and power/grid constraints embedded within. Confidence interval reflects data recency and source reliability.
Score Change Log
Audit trail of risk score changes with rationale. Full derivation notes available upon request.
| Date | Old | New | Change | Rationale |
|---|---|---|---|---|
| Jan 2026 | -- | -- | -- | Monthly review; see RAID log for details |
Contact info@hccouncil.org for detailed factor-by-factor scoring derivation.
Texas Instruments Sherman represents the gold standard in U.S. semiconductor expansion. SM1 began production December 17, 2025, just 3.5 years after groundbreaking (May 2022), demonstrating exceptional execution. Governor Abbott attended ribbon cutting. TI's $60B+ U.S. manufacturing investment includes 7 connected 300mm fabs across Texas (Sherman, Richardson, Dallas) and Utah (Lehi). Commerce finalized $1.6B CHIPS award December 2024 plus expected $6-8B Treasury investment tax credit. Strategic partnerships announced June 2025 with Apple, Ford, Medtronic, NVIDIA, and SpaceX for foundational analog and embedded processing chips. SM2 exterior shell complete, construction ongoing. SM3 and SM4 planned for future demand. Sherman complex could produce 100M+ chips daily at full buildout. LEED Gold certified, 100% renewable electricity, 70% water reuse target. Austin Commercial serving as general contractor. TI is largest foundational semiconductor manufacturer in U.S. (Sources: TI.com Dec 2025, Texas Governor Dec 2025, NIST Dec 2024, ENR Feb 2025)
RAID Log
Risk assessments reviewed monthly. Last review: Jan 9, 2026
| Risk | Impact | Probability | Mitigation |
|---|---|---|---|
| Analog semiconductor cycle downturn | MEDIUM | LOW | Diversified end markets, inventory management |
| Dallas-area labor competition | LOW | MEDIUM | Strong employer brand, competitive compensation |
| Equipment delivery delays | MEDIUM | LOW | Long-term supplier relationships, early ordering |
| Action | Owner | Due Date | Status |
|---|---|---|---|
| Fab 1 production ramp | TI Operations | Q4 2024 | COMPLETE |
| Fab 2 equipment installation | TI Operations | Q2 2025 | ACTIVE |
| Fab 2 cleanroom qualification | TI Operations | Q4 2025 | UPCOMING |
| Fab 3 shell construction decision | TI Board | 2026 | PENDING |
| Issue | Severity | Status | Resolution |
|---|---|---|---|
| None material | LOW | N/A | Project executing to plan |
| Decision | Date | Rationale | Impact |
|---|---|---|---|
| Select Sherman, TX for mega-fab complex | 2021 | Central location, infrastructure, incentives | $30B investment, 3,000 jobs |
| Self-fund without CHIPS Act | 2022 | Avoid government strings, faster execution | Full operational flexibility |
| Fab 3/4 timing based on demand | Ongoing | Capital discipline, market conditions | Optionality preserved |
Upcoming Milestones
Dates from official company announcements and regulatory filings