Today, the Utah Governor’s Office of Economic Opportunity awarded Texas Instruments Incorporated (TI) a post-performance tax reduction for its new semiconductor factory in Lehi, Utah. The corporate incentive is part of the state’s Economic Development Tax Increment Financing (EDTIF) program.
“Companies like Texas Instruments continue to invest in Utah because of our world-class business climate and exceptional workforce,” said Gov. Cox. “TI’s new semiconductor factory will solidify Utah as a global semiconductor manufacturing hub for generations to come.”