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'Great Opportunity': Lehi and Silicon Slopes react to $11B investment from Texas Instruments

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City and business leaders are reacting to Utah's deal with Texas Instruments that will result in the company building a second chip factory in Lehi and hundreds of high-paying jobs.

LEHI – City and business leaders applaudedthat will result in the company building a second chip factory in Lehi and adding hundreds of high-paying jobs.

The 800 new jobs will have an average salary of $110,000 and Johnson said the area's highly educated workforce is ready to fill those positions. "Great opportunity for us to see another great, big organization really planting their roots here inside of Utah," said Ryan Boswell, the senior director of growth at Silicon Slopes. "We have diligent, hard workers and we've got people who want to make Utah better and better over and over again."

Texas Instruments was awarded a post-performance tax reduction for the new factory. The tax credit is expected to save Texas Instruments up to $34.6 million in taxes over 20 years, the governor's office told KSL.

 

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