NXP Seeks Tax Breaks for $2.6 Billion Chip Expansion in Austin
- Chipmaker is looking to create 800 high-paying jobs in metro
- Expansion would add to city’s growing semiconductor presence
Photographer: Chris Ratcliffe/Bloomberg
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NXP Semiconductors NV is considering Austin, Texas, for a $2.6 billion expansion that would create hundreds of jobs.
Representatives for the Dutch chipmaker held a meeting with Austin Independent School District board members Tuesday about potential tax breaks in exchange for expanding two facilities in the metro and adding 800 high-paying jobs. The new employees would earn average salaries of more than $100,000, according to Jason Stanford, a district spokesman.