Inverclyde Now Logo ‘INTEREST’ Shown In Texas Instruments Factory

29 July, 2016 | News

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THE Texas Instruments site in Greenock has had interest from two prospective buyers.

The news was highlighted at the latest meeting of the task force set up following the announcement earlier this year that the factory is to close.

Task force chairman, Inverclyde Council Leader, Councillor Stephen McCabe, said: “With the Texas Instruments Greenock plant being actively marketed, there have been two businesses interested in examining the site.

“This is very hopeful news that there is some interest being expressed by potential buyers within the industry. A note of caution is clearly required. This is a very specialised industry with a limited number of businesses operating globally.”

He added: “The latest meeting of the task force also heard that work continues to support the workforce through the PACE arrangements (The Scottish Government’s Partnership Action for Continuing Employment).

“In addition, it continues to be very positive to hear that Texas Instruments themselves are continuing to support employees. In addition to the plant itself, the skilled workforce is another thing that makes the potential sale of the facility attractive to a buyer.”

The marketing material being used to promote the site to potential buyers highlights that the plant for sale is Texas Instruments’s “Operational, automotive-qualified 200mm/150mm fab” located in Greenock. The installed capacity is “21,666 wafer starts per month”.

The current facility was built in 1987 and was originally established by National Semiconductor before being acquired by Texas Instruments in 2011. The 23-acre Greenock campus includes four buildings consisting of approximately 318,782 sq ft.

The closure of the Greenock plant is phased over three years.

The task force is supported by the Scottish Government, national agencies and local and national political leaders.

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