North Texas Chip Corridor Adds Another Major Industrial Investment
APS is expanding near Sherman’s chip corridor as suppliers race to support Texas Instruments and GlobalWafers.
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Good morning. Another supplier is moving into North Texas’ growing semiconductor ecosystem. APS plans to bring 175 jobs to Van Alstyne with a new manufacturing plant that will support major chipmakers in Sherman.
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Chip Corridor
North Texas Chip Corridor Adds Another Major Industrial Investment
Courtesy APS
A small North Texas town is landing a major manufacturing win as the semiconductor supply chain continues expanding beyond Sherman.
By the numbers: Advanced Process Solutions (APS) plans to invest $40M into a new 100K SF manufacturing facility in Van Alstyne’s Cold Springs Industrial Park. Construction is expected to begin this summer and finish by early 2027.
Why Van Alstyne: APS cited the city’s proximity to Sherman — now a fast-growing semiconductor hub — and access to labor as key drivers behind the move. The company supplies major chipmakers, including Texas Instruments and GlobalWafers, and specializes in automation, plastic fabrication, and industrial field services.
Semiconductor ripple effect: Sherman has become ground zero for North Texas chip manufacturing investment. Texas Instruments is building a $40B semiconductor megasite there, while GlobalWafers and Coherent have launched multibillion-dollar facilities nearby. APS’ expansion reflects the growing ecosystem of suppliers forming around those anchor projects.
Economic impact: The facility is expected to create 175 jobs in Van Alstyne, a city with a population of just over 6,700 residents. City officials anticipate continued residential growth as semiconductor-related investment spreads across Grayson and Collin counties.
Growth fueling growth: Sherman’s population has climbed roughly 20% since 2020, helping attract additional development. Recent announcements include Cope Equities’ $250M mixed-use project and a planned H-E-B grocery store near the Texas Instruments campus.
➥ THE TAKEAWAY
Beyond the fab: North Texas’ semiconductor expansion is no longer just about chip plants — it’s becoming a full industrial ecosystem. Suppliers, housing developers, retailers, and infrastructure players are all moving in alongside the manufacturing giants, reshaping smaller communities like Van Alstyne into strategic growth markets.
Around Texas
➥ Frisco’s luxury rental market is shifting toward walkable, mixed-use living with upscale housing, dining, and office connectivity all in one destination.
➥ Amazon is planning a major logistics facility near the Arlington-Marysville border in Washington as part of a proposed industrial development aimed at expanding Puget Sound delivery operations.
➥ Houston’s delayed Museum District tower reopened as Forme, a 33-story mixed-use project with apartments, hotel suites, and coworking space.
➥ Grapevine officials rejected Trammell Crow’s mixed-use project for a second time, citing concerns over adding more apartments despite the developer’s revised plans near Grapevine Mills mall.
➥ A former Macy’s at The Shops at RedBird in Dallas will be demolished and transformed into a mixed-use office hub anchored by a new Children’s Health clinic.
➥ Hillwood Communities is slowly advancing plans for a 1,110-acre master-planned community in Lockhart as Austin’s suburban growth continues pushing development farther south.
➥ Dallas continues attracting major national restaurant brands thanks to its affluent suburbs, growth potential, logistics network, and lower real estate costs compared to coastal markets.
➥ Texas Capital Bank leased space at downtown Austin’s 415 Colorado, bringing the mixed-use tower’s office occupancy to 50% as owners continue attracting tenants in a soft office market.
➥ Dallas developer Poorvesh Thakkar faces mounting legal and financial troubles tied to a Manhattan office tower even as his long-delayed Mustang Square project in Plano gains momentum.
Follow the Money
| RETAILAUSTIN H-E-B won approval for two new Garland stores while preparing to close an aging Austin location as the grocer continues expanding across Texas. |
| OFFICEDALLAS Fifth Third Bank will leave downtown Dallas’ Comerica Tower within 90 days and relocate its Texas headquarters to Preston Center as the tower undergoes a major mixed-use redevelopment. |
| AVIATIONMCKINNEY McKinney is advancing its push for commercial air service with airport upgrades and a new terminal ahead of Avelo Airlines’ planned launch later this year. |
| HEALTHCAREHOUSTON UT approved a $2.9B MD Anderson expansion in Houston that includes a new radiation center and a 25-story patient care tower at the Texas Medical Center. |
| CULTURALAUSTIN The Ayn Rand Museum and Archives Foundation plans to build a $30M educational and exhibition center near UT Austin, further cementing Austin’s emergence as a hub for libertarian institutions. |
| OFFICEPLANO Demolition has begun on AT&T’s future $1.35B Plano headquarters campus, paving the way for a 2M SF development anchored by a 280-foot signature tower. |
| AVIATIONSAN ANTONIO San Antonio International Airport unveiled a 37,000 SF Terminal A expansion as part of its $2.5B modernization plan, with a new Terminal C slated to open in 2028. |
| MULTIFAMILYHOUSTON Sade Real Estate secured $166M in financing — including $38M from Israel’s bond market — to acquire and rebrand Houston’s luxury River Oaks apartment tower as The Arno. |
| LANDSHERMAN Cherukuru Investments acquired 182 acres near Sherman for a potential mixed-use master-planned development as growth continues accelerating across North Texas. |
📈 CHART OF THE WEEK
Even as retail availability has risen across DFW, most retail spaces are still leasing within 10 months, reflecting steady demand for higher-quality properties as tenants become more selective.
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