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Tech giant Micron weighs $80B Central Texas facility


Semiconductor giant Micron Technology might build a fabrication facility south of Austin, near Lockhart.

Details of the facility known as Project Evergreen were revealed in public documents posted to the state comptroller’s website this week. Construction on the project, which has an investment of at least $80 billion, would start in January.

Idaho-based Micron has submitted incentives applications with a pledge for at least 80 jobs. It comes as the state’s Chapter 313 tax limitation program is set to expire this year.

So, Micron isn’t set on any plans just yet. The company doesn’t own the Caldwell County property it's considering and told the Austin Business Journal that it hasn’t made any final decisions on location, timing or scope of expansion plans.

But if the company goes forward with the fabs, it would bolster an already strong semiconductor ecosystem in Central Texas. Near the end of last year, Samsung announced a $17 billion facility in Taylor. Then in July, documents filed with the state showed it was weighing 11 chipmaking facilities in the Austin area.

Micron’s incentive applications were filed earlier this month, the day President Joe Biden signed the CHIPS and Science Act into law. The company celebrated the move and announced plans to invest $40 billion between now and 2030 for chip manufacturing in the U.S.

On Thursday, Biden signed an executive order to spur movement on the $280 billion law by establishing an implementation steering council and detailing priorities for the coming months.


Airport braces for high traffic this month with ACL and F1 drawing in travelers

(AUS airport/Instagram)

With major entertainment events slated for October, the Austin-Bergstrom International Airport is gearing up for a busy month.

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With deposition and trial looming, Elon Musk has offered $44B for Twitter, again

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.