{"id":131614,"date":"2025-08-09T11:43:13","date_gmt":"2025-08-09T11:43:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/131614\/"},"modified":"2025-08-09T11:43:13","modified_gmt":"2025-08-09T11:43:13","slug":"semiconductor-plant-eyes-fort-worth-for-230m-investment","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/131614\/","title":{"rendered":"Semiconductor plant eyes Fort Worth for $230M investment"},"content":{"rendered":"

Fort Worth<\/a> is gathering momentum as a technology<\/a> manufacturing hub. <\/p>\n

Earlier this week, city staff presented plans at a city council work session to court Adom Industries<\/a>, whose goal is to facilitate remote prototyping and testing of electronics in the cloud.<\/p>\n

Later this month, the city will consider offering the company $15 million in incentives in the form of economic development grants. <\/p>\n

Related:Satellite company creating 2,000 jobs granted 40-acre site at Arlington airport<\/a><\/p>\n

D-FW Real Estate News<\/p>\n

Get the latest real estate news you need to know.<\/p>\n

In exchange, Adom will build a new headquarters at 4400 Alliance Gateway with an electronics prototyping lab and a remote-access semiconductor fabrication facility. <\/p>\n

Over its lifespan, the project will also create 267 new jobs <\/a>in Fort Worth with an average annual salary of $91,000. <\/p>\n

These positions are expected to include engineering, research and advanced manufacturing roles.<\/p>\n

The company\u2019s total capital investment will be an estimated $229 million, most of which will go toward manufacturing equipment and technology for their new headquarters, lab and fabrication facility.<\/p>\n

Terms of the agreement the city plans to propose also include clawbacks if certain job creation and investment goals aren\u2019t met.<\/p>\n

\u201cFort Worth hasn\u2019t historically been a creator in this space \u2014 companies like Lockheed have typically been the purchasers of this kind of technology. We\u2019re eager to change that. Rather than seeing opportunities like this always land on the eastern side of the Metroplex, we believe this project will become one of Fort Worth\u2019s most significant semiconductor initiatives to date,\u201d said Kelly Baggett, an economic development coordinator with the city. <\/p>\n

Baggett referenced the city\u2019s recent win courting Wistron<\/a>, a Taiwan-based electronics manufacturer that will build two new manufacturing facilities in Fort Worth.<\/p>\n

Besides the incentives offered by Fort Worth, city staff noted the project is also seeking $20 million from the Texas Semiconductor Investment Fund, a state incentive program to \u201cencourage the continued leadership of Texas in semiconductor research,\u201d according to the governor\u2019s office. <\/p>\n

Private businesses planning new or expanded semiconductor manufacturing projects are eligible for the funds.<\/p>\n

The project is also looking for $10 million from the National Science Foundation.<\/p>\n

Michael Henning, also with the city\u2019s economic development department, explained that while Forth Worth doesn\u2019t directly tax research and development, attracting R&D-intensive projects raises its per capita GDP, attracts high-quality talent and makes the city more economically competitive for future projects. <\/p>\n","protected":false},"excerpt":{"rendered":"Fort Worth is gathering momentum as a technology manufacturing hub. Earlier this week, city staff presented plans at…\n","protected":false},"author":3,"featured_media":131615,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5138],"tags":[5229,347,12611,79,7371,7372,3195,420,4329,158,46925,358,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-131614","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fort-worth","8":"tag-america","9":"tag-article","10":"tag-commercial-real-estate","11":"tag-economy","12":"tag-fort-worth","13":"tag-fortworth","14":"tag-industry","15":"tag-jobs","16":"tag-real-estate","17":"tag-technology","18":"tag-technology-jobs","19":"tag-texas","20":"tag-tx","21":"tag-united-states","22":"tag-united-states-of-america","23":"tag-unitedstates","24":"tag-unitedstatesofamerica","25":"tag-us","26":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114998634379186222","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/131614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=131614"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/131614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/131615"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=131614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=131614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=131614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}