Taiwan Semiconductor Manufacturing Co. (TSMC) is reportedly considering Sherman, in Grayson County, Texas, as the leading candidate for a new U.S. production hub. The complex could include as many as six factories. The projected investment could reach $120 billion, or about $20 billion per fab.
The move would make Texas TSMC’s second major U.S. production base, after its ongoing project in Arizona. The expansion comes amid growing demand from U.S. Big Tech companies and AI chipmakers such as NVIDIA and AMD. It could also intensify competition with Samsung Electronics, which has a substantial presence in Texas.
A Texas state development document reportedly describes a plan for an unnamed semiconductor company, believed to be TSMC, to invest $45 billion. The document says production could begin as early as the fourth quarter of 2029.