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Texas Instruments Chairman Rich Templeton Announces Retirement

Modern semiconductor manufacturing plant

Dallas, October 19, 2025

News Summary

Texas Instruments Inc. in Dallas has announced the retirement of Board Chairman Rich Templeton after 45 years in the role. CEO Haviv Ilan is set to succeed him. The company also disclosed plans for layoffs impacting nearly 400 employees at its North Texas wafer facilities due to a shift towards modern manufacturing strategies. Despite the closures, Texas Instruments emphasizes its ongoing investment in the region, including plans for new factories that are expected to support up to 60,000 jobs.

Dallas — Texas Instruments Inc., based in Dallas, announced that Board Chairman Rich Templeton will retire after 45 years in the role, effective at the end of the year. The company also informed employees of upcoming layoffs expected in December, impacting its fabrication plants in Dallas and Sherman, with nearly 400 workers facing job losses as part of a planned plant transition.

Key developments

CEO and President Haviv Ilan will succeed Templeton as the new board chairman. The personnel change at the top of the board comes as the company advances a multi-year plan to modernize its manufacturing footprint and shift away from older wafer lines.

Layoff details and operational changes

Nearly 400 employees are expected to lose their jobs due to the closure of the remaining 150-millimeter semiconductor wafer facilities in North Texas. The layoffs are part of a multi-year transition plan to close the remaining 150-millimeter facilities. On September 25, it was reported that 163 employees at the Dallas DFAB site were notified their last day would be December 12, along with an additional 20 employees to be laid off in April.

Texas Instruments emphasized that they regularly look at operational efficiency and support for long-term strategies. An anonymous employee indicated that workers had been promised priority for hiring at new facilities if they agreed to help close the older plants. Texas Instruments stated their commitment to North Texas remains unchanged and pointed to ongoing investments in new factories in Sherman.

Company background and leadership history

Templeton began his career at Texas Instruments in 1980, starting in sales; he later became president of the semiconductor business. From 2000 to 2004, Templeton served as Chief Operating Officer and was subsequently promoted to President and CEO in 2004. Templeton initially stepped down as CEO in June 2018, returning a month later after his successor Brian Crutcher resigned for violating the company’s code of conduct, and continued as CEO until 2023. Templeton has been on the company’s board of directors since 2003 and served as chairman of the board since 2008.

Scope of manufacturing transition

The company described the North Texas changes as part of a multi-year transition in its wafer manufacturing strategy. The closures target older 150-millimeter lines as the company reallocates capacity and resources to newer, larger wafer fabs and automated production facilities.

Investment plans and broader workforce impact

The company has plans to invest more than $60 billion in semiconductor manufacturing in the U.S. amidst domestic production pressures from the Trump administration. This investment is aimed at building and equipping semiconductor factories across Texas (Richardson and Sherman) and Utah (Lehi). The planned new factories are expected to support up to 60,000 jobs and meet the growing demand for semiconductors.

In addition to the North Texas reductions, Texas Instruments is cutting jobs not only in the U.S. but has also announced layoffs in its China division, impacting core technical and support roles. Company statements framed these moves as steps in aligning operational efficiency with long-term strategy and investment plans.

What happens next

Employees affected by the December and April actions will enter company processes for separation and potential internal placement where available. The company has flagged continued capital spending for new U.S. factories and reiterated ongoing investments in Sherman as indicators of a long-term presence in North Texas despite the plant closures.


FAQ

Who is retiring from Texas Instruments?

Texas Instruments Inc., based in Dallas, announced that Board Chairman Rich Templeton will retire after 45 years in the role, effective at the end of the year.

Who will succeed Rich Templeton as board chairman?

CEO and President Haviv Ilan will succeed Templeton as the new board chairman.

What is the scale of the layoffs in North Texas?

Nearly 400 employees are expected to lose their jobs due to the closure of the remaining 150-millimeter semiconductor wafer facilities in North Texas.

Are there specific site notifications already given?

On September 25, it was reported that 163 employees at the Dallas DFAB site were notified their last day would be December 12, along with an additional 20 employees to be laid off in April.

Why are these layoffs happening?

The layoffs are part of a multi-year transition plan to close the remaining 150-millimeter facilities.

How has the company described its broader strategy?

Texas Instruments emphasized that they regularly look at operational efficiency and support for long-term strategies.

Were any comments reported from employees about hiring priority?

An anonymous employee indicated that workers had been promised priority for hiring at new facilities if they agreed to help close the older plants.

Is Texas Instruments investing in the region?

Texas Instruments stated their commitment to North Texas remains unchanged and pointed to ongoing investments in new factories in Sherman.

What are the company’s national investment plans?

The company has plans to invest more than $60 billion in semiconductor manufacturing in the U.S. amidst domestic production pressures from the Trump administration.

Where will the new factories be located?

This investment is aimed at building and equipping semiconductor factories across Texas (Richardson and Sherman) and Utah (Lehi).

How many jobs are the new factories expected to support?

The planned new factories are expected to support up to 60,000 jobs and meet the growing demand for semiconductors.

Are there layoffs outside the U.S.?

Texas Instruments is cutting jobs not only in the U.S. but has also announced layoffs in its China division, impacting core technical and support roles.


Key figures and features
Feature Value
Tenure of outgoing chairman 45 years
Expected job losses in North Texas Nearly 400 employees
DFAB site notifications 163 employees — last day December 12; 20 more in April
Planned U.S. investment More than $60 billion
Estimated jobs supported by new factories Up to 60,000 jobs

Deeper Dive: News & Info About This Topic

HERE Resources

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Additional Resources

STAFF HERE DALLAS WRITER
Author: STAFF HERE DALLAS WRITER

The DALLAS STAFF WRITER represents the experienced team at HEREDallas.com, your go-to source for actionable local news and information in Dallas, Dallas County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the State Fair of Texas, Deep Ellum Arts Festival, and Dallas International Film Festival. Our coverage extends to key organizations like the Dallas Regional Chamber and United Way of Metropolitan Dallas, plus leading businesses in telecommunications, aviation, and semiconductors that power the local economy such as AT&T, Southwest Airlines, and Texas Instruments. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.

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