ALTO Real Estate Funds Acquires Prime 24-Acre Industrial Site in Austin's SH-130 Corridor for Ground-Up Development

ALTO Real Estate Funds has acquired a 24-acre industrial site in Austin's SH-130 corridor, marking its 6th ground-up project in the Texas logistics market. The site, located near Tesla's Giga Texas factory and other major tech and logistics hubs, will feature two 126,000 sq. ft. rear-load industrial buildings with 32-foot clear heights and accommodate up to four tenants per building.

Texas Instruments (TI) has announced a groundbreaking investment of over $60 billion in U.S. semiconductor manufacturing, marking the largest such investment in the country's history. The initiative, supported by the Trump administration, involves building seven new semiconductor fabs across Texas and Utah, with the aim of meeting the growing demand for foundational semiconductor chips that underpin a wide range of technologies, from smartphones to data centers and vehicles.

The investment will create over 60,000 U.S. jobs and significantly expand TI's manufacturing capacity. The company, which is the largest foundational semiconductor manufacturer in the U.S., is committed to delivering analog and embedded processing chips that are critical for modern electronics. The new fabs will manufacture hundreds of millions of U.S.-made chips daily, underscoring America's leadership in semiconductor innovation.

In Sherman, Texas, TI's first new fab, SM1, is set to begin initial production this year, while the exterior shell of SM2 is already complete. Additional fabs, SM3 and SM4, are planned to support future demand. In Richardson, Texas, the company's second fab, RFAB2, is ramping to full production, building on TI's legacy of introducing the world's first 300mm analog fab, RFAB1, in 2011.

Key stakeholders, including Apple, Ford, Medtronic, NVIDIA, and SpaceX, have expressed their support for TI's investment. Haviv Ilan, president and CEO of Texas Instruments, stated, "TI is building dependable, low-cost 300mm capacity at scale to deliver the analog and embedded processing chips that are vital for nearly every type of electronic system." U.S. Secretary of Commerce Howard Lutnick emphasized the importance of this partnership for U.S. chip manufacturing, while Apple's Tim Cook, Ford's Jim Farley, Medtronic's Geoff Martha, NVIDIA's Jensen Huang, and SpaceX's Gwynne Shotwell all highlighted the significance of TI's U.S.-made semiconductors for their respective industries.

This investment underscores the critical role of semiconductor manufacturing in driving technological innovation and economic growth. As the demand for semiconductors continues to rise, TI's expansion will help secure a robust U.S. supply chain and foster further advancements in technology.

[1] https://pulse2.com/texas-instruments-over-60-billion-u-s-investment-planned-with-support-from-trump-administration/