Taiwanese Technology Company Targets Fort Worth For First U.S. Manufacturing Plant
Fort Worth staked a claim in North Texas’ burgeoning “Silicon Prairie” by luring its own semiconductor manufacturer to the city.
Taiwanese technology company Wistron InfoComm Corp. plans to invest $687M in North Fort Worth for its first U.S. manufacturing plants. The city and Denton County each approved tax abatements for the more than 1M SF of manufacturing facilities the Wistron Corp. subsidiary plans to build, Community Impact reported.
Wistron will purchase two sites from Hillwood and Trammell Crow Co. The company will build a nearly 767K SF plant on the site from Hillwood at 14601 Mobility Way and a more than 324K SF facility at the property from Trammell Crow at 15200 Heritage Way.
“Wistron’s $687 million investment and creation of 888 new jobs marks a pivotal milestone for Denton County,” Denton County Judge Andy Eads said in a statement. “This project strengthens our role in the rapidly expanding semiconductor supply chain and brings tremendous economic opportunity to our region.”
Sherman is leading the Silicon Prairie push in North Texas, with more than $40B in investments poised to hit the city over the coming years, thanks to huge semiconductor plants that will be built by Texas Instruments and GlobalWafers.
Wistron plans to manufacture components for Nvidia artificial intelligence supercomputers at its Fort Worth facilities, according to a presentation from the city. The company has more than 80,000 employees at 25 locations in 10 countries.
The city incentives include a 10-year tax abatement with an effective overall rate of 74% that requires Wistron to spend a combined $112M at the two sites by the end of June 2026. Denton County will provide a 40% tax abatement capped at $3M for the Heritage Parkway site and a 30% abatement to top out at $900K for the Mobility Way site, each for a period of eight years. If both sites are completed, the county abatement will rise to a combined cap of $5M over the eight-year term.
The projects are expected to bring in more than $41M in new incremental property tax in the short term and nearly $11M in new taxes for the decade following their completion.
In addition to its tech industry growth, Fort Worth has more than $2B in downtown development on the way, including work that will reimagine Panther Island as a mixed-use waterfront district.
The first phase of work on the $701M Fort Worth Convention Center expansion is expected to be completed early next year. The full project will add new exhibit halls and another ballroom as well as update exhibit halls and meeting space. It will also add an entrance on the southeast side of the center facing the new Texas A&M-Fort Worth campus.
