A Taiwan-based electronics manufacturer for Nvidia, the world's most valuable company, is getting more incentives as part of its plan to invest $687 million at two North Texas sites.
An affiliate of Wistron Corp. is being offered millions of dollars from the county shortly after it was approved for $30 million of tax abatement funds from the city of Fort Worth. The new incentives from Denton County are expected to secure the investment by the manufacturer and supplier of components used in iPhones, servers, computers and storage devices.
Wistron is a manufacturing partner for Nvidia's artificial intelligence supercomputers and is expected to operate the two Fort Worth electronics plants that will make Nvidia chips. Nvidia is one of the world's highest valued companies with a stock market value that surpassed $4 trillion earlier this month.
Denton County competed with El Paso, Texas, and Fremont, California, for site selection for Wistron's investment, according to county records.
Denton County Commissioners offered the Wistron affiliate a 40% abatement capped at $3 million for an industrial building at 15200 Heritage Way that Wistron bought from Trammell Crow Co. last month, according to CoStar data and county records. County commissioners also approved a 30% tax abatement capped at $900,000 for the facility underway at 14601 Mobility Way in Fort Worth. Wistron is expected to purchase the Mobility Way property from Hillwood, according to county records.
Both properties are in the Alliance submarket within a Foreign Trade Zone and in close proximity to Alliance Airport, regional hubs for FedEx and UPS, and BNSF Alliance Intermodal Yard.
In accepting a proclamation from Gov. Greg Abbott at the recent commissioner's court meeting, Phil Huang, Wistron's sales and service director, said in a statement from Denton County that the team was excited to develop what is expected to be the company's first U.S. manufacturing site.
Nvidia itself has been expanding in the Lone Star State, nearly doubling its office space in Austin, Texas.
As outlined in Wistron's economic incentive agreement with Denton County, the company said its project will generate a total of 888 new jobs with an average salary of $63,000. The real property improvements on the project sites are expected to be completed and operational by Dec. 31, 2026, with at least $80 million of upgrades to the Heritage Way property and at least $32 million to the Mobility Way site.
Likewise, Wistron's affiliate is expected to invest at least $411 million in new tangible business property at the Heritage Way building and at least $164 million at the Mobility Way site by Dec. 1, 2027.
Denton County Commissioner Dianne Edmondson said in a statement from the county that Wistron’s investment brings "tremendous opportunity" and "reinforces Denton County's role in the global semiconductor and electronics manufacturing industry."