RICHARDSON, Texas — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here.
More than 200 new jobs are on tap at the new Richardson research hub of a major semiconductor manufacturer.
Idaho-based Micron Technology Inc. aims to ramp up to about 250 employees at its roughly 60,000-square-foot facility at Collins Crossing in about four years. The company plans to invest about $30 million in the first two years toward tenant improvements including equipment, furniture and fixtures.
Richardson City Manager Don Magner shared news of the company’s investment as the city announced Jan. 23 it entered an agreement with Micron to facilitate upgrades at the office at 1500 N. Greenville Ave. He said Micron has been operating in the facility for a few months.
The deal could provide Micron with a $300,000 tenant improvement grant if certain requirements are met. The first half of the agreement would provide the company with $100,000 once it receives a certificate of occupancy for all three floors it is leasing and invests at least $3 million. The second portion of the grant would be awarded once the company invests an additional $15 million.
“As the only U.S.-based manufacturer of memory semiconductors, Micron is excited to continue to grow our R&D capability in Texas, with a focus on enabling future industry leading memory products,” Scott DeBoer, Micron chief technology and products officer, said in a statement. “By establishing our product development teams in the Richardson Innovation Quarter, we look forward to tapping into its strong ecosystem of innovation and actively participating in the Richardson community.”
Founded in 1978, Micron (Nasdaq: MU) is a semiconductor memory and storage manufacturer operating in more than 30 cities with a global workforce of about 50,000. The company reported annual revenue of $25.11 billion during the 2024 fiscal year.
Technology is one of Richardson’s five target industry clusters, Magner previously said. The others are advanced manufacturing; health and life science; financial services and research and development.
Magner said Richardson is engaged in relocation discussions with high-tech manufacturers in the defense industry, an additional semiconductor manufacturer and a finance and professional services company, but declined to disclose specifics.
“I’m very bullish on 2025,” Magner said. “I think we had a very successful 2024, and that was notwithstanding some of the economic pressure and political uncertainties that were out there. With a lot of inflation stabilizing and interest rates coming down, new construction starts are definitely on the uptick here in Richardson and throughout the North Texas.”
Micron isn’t the only company that has big workforce plans in Richardson. Geico last year selected the city for a new operations hub and plans to create 500 jobs at its 238,000-square-foot facility at 2280 N. Greenville Ave.
