Fort Worth could be the site of an artificial intelligence supercomputer plant with an investment of at least $687 million as city officials consider a tax abatement agreement.
The Fort Worth City Council is expected to consider the tax abatement agreement at its regularly scheduled meeting at 10 a.m. June 24.
Two sites are under consideration for the plant, both in north Fort Worth, according to documents related to the abatements.
One site would cover nearly 20 acres at 15200 Heritage Parkway. The tax abatement agreement includes improvements to an approximately 324,598-square-foot building, with the estimated costs of property improvements at $80 million and the estimated costs of new business personal property at $411 million.
The second site is about 43 acres at 14601 Mobility Way. The tax abatement agreement includes improvements to a 766,994-square-foot building. The estimated costs of property improvements is $32 million, while the estimated costs of new business personal property is $164 million.
Taiwan-based Wistron could invest as much as $687 million in the area, taking about 1 million square feet worth of space across the two sites.
Chip manufacturer Nvidia in April announced plans to produce up to $500 billion in AI infrastructure in the U.S. That includes designing and building factories that will produce Nvidia AI supercomputers, through partnerships with companies including Foxconn and Wistron, over the next four years, the company said.
Nvidia Blackwell chips have started production at TSMC’s chip plants in Phoenix. Foxconn is leading the effort to build an AI supercomputing plant in Houston, and Wistron is taking the lead in the Dallas area. Mass production at both plants is expected to ramp up in the next 12-15 months, according to the company.
“Texas is where the future of innovation is building,” Gov. Greg Abbott said in April when Nvidia announced its plans.
Abbott congratulated Nvidia on what he described as its Texas-sized investment in Houston and Dallas that will pave the way for the company’s first all-American-made AI supercomputers.
“Texas leads the nation in semiconductor manufacturing and advancements in technology,” the governor said. “As demand for technologies powered by artificial intelligence continues to grow, we will work with industry leaders from around the globe to accelerate production, ensure supply chain resilience, and lead the American resurgence in advanced manufacturing from Texas.”
Any tax abatements would be dependent on Fort Worth’s consideration as a finalist site for the proposed project, according to Andrea Duffie, communications coordinator for the city’s economic development department.
Bob Francis is business editor for the Fort Worth Report. Contact him at [email protected]. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.
Related
Fort Worth Report is certified by the Journalism Trust Initiative for adhering to standards for ethical journalism.
Republish This Story
Republishing is free for noncommercial entities. Commercial entities are prohibited without a licensing agreement. Contact us for details.
