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Today he holds the titles of chairman, CEO
and president. He was honored with the
SIA’s Robert N. Noyce Award in 2012. In
2020, he and his wife Mary donated $51
million to their Alma Mater Union College.
Resigned and returned
In 2018, Templeton resigned his CEO role;
he soon resumed it however, when his
successor abruptly exited.
Engineers inspect the machinery at TI’s RFAB-1 fab. (TI)
Templeton has not been shy about ac- two of its North Texas fabs, SFAB, a
quiring other companies. Last October, 150mm facility in Sherman, Texas (65
TI announced plans to buy a 300mm fab miles from Dallas), and DFAB, a Dallas-
in Lehi, Utah from Micron Technology for area fab by 2025.
$900 million.
Closings/openings
The company also bought a standard logic The company cited the inefficiency of wa-
fab from Harris Semiconductor in 1998; fers smaller than 300mm. TI has not
Butterfly VLSI Ltd.; a facility from Unitrode indicated, meanwhile, whether the current
Corp.; National Semiconductor in 2011 chip shortage would affect the two fabs.
and several others over Templeton’s stew-
ardship. Last November, however, the company an-
nounced plans to begin construction this
year on two 300mm fabs in Sherman. The
Sherman site, according to the company,
has the ability to handle four fabs in the
future.
Production in 2025
Production from the first new fab is set to
begin as early as 2025. TI’s investment in
the site may be as large as $30 billion and
support 3,000 direct jobs over time.
For its most current quarter, Q421, TI
The massive Texas Instruments headquarters campus in Dallas reported revenue of $4.83 billion, net in-
from the south. (Texas Instruments)
come of $2.14 billion and EPS of $2.27.
Growth prospects
Before the chip shortage wrought by the For the same quarter a year ago, the com-
COVID-19 pandemic, many semiconduc- pany reported revenue of $4.07 billion, net
tor makers — TI included — were getting income of $1.68 billion and EPS of $1.80.
ready to close fabs to save capital. Revenue climbed 19% quarter over quar-
ter.
In January 2020, TI said it would close next page
