Reports related to this article:
Project(s): View 6 related projects in PECWeb
Plant(s): View 6 related plants in PECWeb
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking nearly $140 billion worth of high- and medium-probability (70% to 99% chance of moving forward as planned) projects that are planned to kick off in 2022 in Texas--which significantly outpaces all other states--led by the semiconductor and power generation sectors. Some of these projects will be cancelled, placed on hold or pushed out to a future date, but Texas, the second-largest state by both population and land area, still is expecting strong investment throughout the year.
Click on the image at right for a graph showing planned 2022 project starts in Texas, by the top five industry sectors.
In Texas, the total investment value of semiconductor sector projects leads all others, which comes as companies seek to combat the ongoing chip shortage and increase their supply. The impact is still being felt across a variety of industries, but most notably the automotive sector.
Industrial Info is pleased to be presenting a webinar on the global market spending outlook for the Industrial Manufacturing Industry's semiconductor and automotive sectors. The webinar will be held on Thursday, January 6, at 10 a.m. CST (11 a.m. EST). Click here to RSVP.
According to the semiconductor market research firm IC Insights, semiconductor capital expenditures (capex) are expected to reach $152 billion in 2021, and the market is on track for $2 trillion in spending by 2035. Major chipmakers Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) (Hsinchu, Taiwan), Samsung Electronics (Seoul, South Korea) and GlobalFoundries (NASDAQ:GFS) (Malta, New York) will account for 35% of that 2021 spending, according to the firm. That spend is expected to continue into 2022, especially in Texas, as companies steadily increase production.
GlobalFoundries recently announced a strategic partnership with Ford Motor Company (NYSE:F) (Dearborn, Michigan) to increase the automaker's chip supply. For more details, see Industrial Info's November 22, 2021, article - Ford, GlobalFoundries Partner to Boost Chip Supply.
Samsung plans to build a new semiconductor-manufacturing facility in Taylor, Texas, about 30 miles northeast of Austin, beginning in April. For more details, see Industrial Info's November 29, 2021, article - Samsung's New Texas Semiconductor Plant Brings Investments in U.S. to $47 Billion.
The company also is planning a $10 billion semiconductor-wafer manufacturing plant expansion in Austin. The company has acquired a 257.5-acre site adjacent to the existing plant, and will construct a 7 million-square-foot facility for next-generation chip fabrication. The kickoff also is expected in April, with completion in January 2025. Subscribers can click here for a detailed project report.
Texas Instruments Incorporated (NASDAQ:TXN) (TI) (Dallas, Texas) expects to begin construction of the first phase of its $6.5 billion wafer-manufacturing plant in Sherman, 65 miles north of Dallas, in October. The 1 million-square-foot facility will replace the company's existing Sherman site and produce 300-millimeter (mm) silicon wafers to meet the growing demand for semiconductor chips. Subscribers can click here for the project report.
"TI's future analog and embedded processing 300-mm fabs at the Sherman site are part of our long-term capacity planning to continue to strengthen our manufacturing and technology competitive advantage and support our customers' demand in the coming decades," Rich Templeton, chairman, CEO and president for TI, said in a press release.
In terms of total investment value for Texas' planned 2022 project kickoffs by industry sector, power generation comes in second, but has a commanding lead in project count. This makes sense, considering the Lone Star State produces more electricity than any other, according to the U.S. Energy Information Administration (EIA). Solar projects lead the nation in planned Power Industry kickoffs during the year, including nearly $20 billion worth in Texas. Subscribers can click here for the full list of Texas' solar projects.
Utility-scale solar-plus-storage developer Solar Proponent LLC (Austin), with its subsidiary Lunis Creek Solar Project LLC (Lenexa, Kansas), expects to begin construction in September on its 800-megawatt (MW), $960 million Lunis Creek Photovoltaic (PV) Solar Plant in Jackson County, about 100 miles southwest of Houston, utilizing 2 million Trina Solar Limited (NYSE:TSL) (Changzhou, China) PV panels. Completion is expected in 2024. Click here for more information.
Greenalia Power US (Tulsa, Oklahoma), the U.S. subsidiary of Greenalia S.A. (Spain), is planning its $500 million Greenalia PV Solar Plant in Childress, Texas, outside of Amarillo. The facility will generate 697 MW of power, utilizing Jinko solar panels. The project is scheduled to kick off in October, with completion in April 2025.
Also in October, Gulfstar Power, LLC (Houston), a subsidiary of Merit Sustainable Infrastructure (Houston), expects to begin construction on its 600-MW, $620 million Gulfstar PV Solar Plant in Wharton County, 60 miles southwest of Houston. Cummings Westlake (Cypress, Texas) is the consultant on the project, which is expected to be completed in May 2024. Subscribers can see detailed reports on the Greenalia and Gulfstar projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Click on the image at right for a graph showing planned 2022 project starts in Texas, by the top five industry sectors.In Texas, the total investment value of semiconductor sector projects leads all others, which comes as companies seek to combat the ongoing chip shortage and increase their supply. The impact is still being felt across a variety of industries, but most notably the automotive sector.
Industrial Info is pleased to be presenting a webinar on the global market spending outlook for the Industrial Manufacturing Industry's semiconductor and automotive sectors. The webinar will be held on Thursday, January 6, at 10 a.m. CST (11 a.m. EST). Click here to RSVP.
According to the semiconductor market research firm IC Insights, semiconductor capital expenditures (capex) are expected to reach $152 billion in 2021, and the market is on track for $2 trillion in spending by 2035. Major chipmakers Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) (Hsinchu, Taiwan), Samsung Electronics (Seoul, South Korea) and GlobalFoundries (NASDAQ:GFS) (Malta, New York) will account for 35% of that 2021 spending, according to the firm. That spend is expected to continue into 2022, especially in Texas, as companies steadily increase production.
GlobalFoundries recently announced a strategic partnership with Ford Motor Company (NYSE:F) (Dearborn, Michigan) to increase the automaker's chip supply. For more details, see Industrial Info's November 22, 2021, article - Ford, GlobalFoundries Partner to Boost Chip Supply.
Samsung plans to build a new semiconductor-manufacturing facility in Taylor, Texas, about 30 miles northeast of Austin, beginning in April. For more details, see Industrial Info's November 29, 2021, article - Samsung's New Texas Semiconductor Plant Brings Investments in U.S. to $47 Billion.
The company also is planning a $10 billion semiconductor-wafer manufacturing plant expansion in Austin. The company has acquired a 257.5-acre site adjacent to the existing plant, and will construct a 7 million-square-foot facility for next-generation chip fabrication. The kickoff also is expected in April, with completion in January 2025. Subscribers can click here for a detailed project report.
Texas Instruments Incorporated (NASDAQ:TXN) (TI) (Dallas, Texas) expects to begin construction of the first phase of its $6.5 billion wafer-manufacturing plant in Sherman, 65 miles north of Dallas, in October. The 1 million-square-foot facility will replace the company's existing Sherman site and produce 300-millimeter (mm) silicon wafers to meet the growing demand for semiconductor chips. Subscribers can click here for the project report.
"TI's future analog and embedded processing 300-mm fabs at the Sherman site are part of our long-term capacity planning to continue to strengthen our manufacturing and technology competitive advantage and support our customers' demand in the coming decades," Rich Templeton, chairman, CEO and president for TI, said in a press release.
In terms of total investment value for Texas' planned 2022 project kickoffs by industry sector, power generation comes in second, but has a commanding lead in project count. This makes sense, considering the Lone Star State produces more electricity than any other, according to the U.S. Energy Information Administration (EIA). Solar projects lead the nation in planned Power Industry kickoffs during the year, including nearly $20 billion worth in Texas. Subscribers can click here for the full list of Texas' solar projects.
Utility-scale solar-plus-storage developer Solar Proponent LLC (Austin), with its subsidiary Lunis Creek Solar Project LLC (Lenexa, Kansas), expects to begin construction in September on its 800-megawatt (MW), $960 million Lunis Creek Photovoltaic (PV) Solar Plant in Jackson County, about 100 miles southwest of Houston, utilizing 2 million Trina Solar Limited (NYSE:TSL) (Changzhou, China) PV panels. Completion is expected in 2024. Click here for more information.
Greenalia Power US (Tulsa, Oklahoma), the U.S. subsidiary of Greenalia S.A. (Spain), is planning its $500 million Greenalia PV Solar Plant in Childress, Texas, outside of Amarillo. The facility will generate 697 MW of power, utilizing Jinko solar panels. The project is scheduled to kick off in October, with completion in April 2025.
Also in October, Gulfstar Power, LLC (Houston), a subsidiary of Merit Sustainable Infrastructure (Houston), expects to begin construction on its 600-MW, $620 million Gulfstar PV Solar Plant in Wharton County, 60 miles southwest of Houston. Cummings Westlake (Cypress, Texas) is the consultant on the project, which is expected to be completed in May 2024. Subscribers can see detailed reports on the Greenalia and Gulfstar projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
