Case 6:22-cv-00466-ADA-DTG Document 46-4 Filed 09/12/22 Page 1 of 6
`Case 6:22-cv-00466-ADA-DTG Document 46-4 Filed 09/12/22 Page 1 of 6
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`EXHIBIT 3
`EXHIBIT 3
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`9/11/22, 1:34 PM
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`Case 6:22-cv-00466-ADA-DTG Document 46-4 Filed 09/12/22 Page 2 of 6
`Chipmaker NXP considers Austin for $2.6 billion expansion, up to 800 new jobs
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`Austin American-Statesman
`
`Chipmaker NXP considers Austin
`for $2.6 billion expansion, up to
`BOO new jobs
`
`Megan Menchaca and Bob Sechler, Austin American-Statesman
`May 11, 2022 · 6 min read
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`NXP Semiconductors is considering Austin for a $2.6 billion expansion that could
`create up to 800 new jobs.
`
`In a move that could add even more fuel to the booming
`
`Central Texas high-tech sector, chipmaker NXP
`
`Semiconductors is considering a $2.6 billion expansion in
`
`Austin that would create up to 800 jobs.
`
`The potential expansion is the latest big project for which
`
`the Austin area is in the running. Tech firm Applied
`
`Materials said in March that it's considering Hutto for a
`
`$2.4 billion research and development center, while
`
`https://news.yahoo.com/chipmaker-nxp-considers-austin-2-032303596.html
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`1/9
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`9/11/22, 1:34 PM
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`Case 6:22-cv-00466-ADA-DTG Document 46-4 Filed 09/12/22 Page 3 of 6
`Chipmaker NXP considers Austin for $2.6 billion expansion, up to 800 new jobs
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`breaks from the Austin Independent School District under
`
`the state's Chapter 313 incentive program for proposed
`
`expansion. An initial presentation to the district's board
`
`Tuesday night didn't specify the amount, but previous
`
`incentives agreements from Texas school districts for
`
`similar Chapter 313 deals have been for tens of millions of
`
`dollars.
`
`Both Infineon and Applied Materials also are seeking tax
`
`breaks for their projects under Chapter 313. The potential
`
`incentive deal that Infineon has applied for from the Del
`
`Valle school district is valued at about $8.9 million over 10
`
`years, assuming no change in the district's tax rate over
`
`that time. The amount of incentives Applied Materials is
`
`seeking from the Hutto school district isn't available yet.
`
`More: Incentive package to lure Samsung to Taylor is
`
`biggest in Texas history
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`The Chapter 313 incentives program - which is named
`
`after a portion of the tax code - has been controversial.
`
`It's set to expire at the end of this year because state
`
`lawmakers declined to renew it during last year's legislative
`
`session, although deals struck before then won't be
`
`affected.
`
`ACCU
`
`AccuWeather: Showers show up
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`The Texas comptroller's office has advised that Chapter 313
`
`WABC-NY
`
`applications should be submitted by June 1, because the
`
`process of evaluating and finalizing them can take up to
`
`six months. That has set up something of a rush by
`
`companies seeking to submit applications.
`
`"Certainly, (companies) want to get their applications in
`
`and all their paperwork in before June," said Matt Patton,
`
`an economist with Austin-based Angelou Economics. "You
`
`want to be able to take advantage of every opportunity
`
`you can."
`
`Representatives of Kroll, a site-selection firm working for
`
`NXP, told Austin school board members Tuesday that the
`
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`Associated Press
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`https://news.yahoo.com/chipmaker-nxp-considers-austin-2-032303596.html
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`2/9
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`9/11/22, 1:34 PM
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`Case 6:22-cv-00466-ADA-DTG Document 46-4 Filed 09/12/22 Page 4 of 6
`Chipmaker NXP considers Austin for $2.6 billion expansion, up to 800 new jobs
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`federal funding to the semiconductor industry throughout
`
`the U.S. to offset the cost of construction for
`
`More than 50 evacuees have arrived X
`College In Rocklin seeking shelter
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`1
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`manufacturing facilities, hasn't won final approval. But it
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`has bipartisan support, and versions of it have passed
`
`both the House and Senate.
`
`NXP is considering other locations for the project, Kroll
`
`representatives said, but they didn't specify where. A final
`
`decision on the location is expected to be made this year,
`
`with a goal of construction starting in 2024 and the facility
`
`being operational by late 2026.
`
`The company also intends to seek incentives from the city
`
`of Austin and from Travis County, they said.
`
`Travis County spokesman Hector Nieto said the county
`
`hasn't been contacted by NXP yet. The city's economic
`
`development department declined to comment.
`
`More: Chipmaker Infineon considers $700 million
`
`expansion at Austin site
`
`NXP's representatives said jobs created by the company's
`
`potential expansion here would pay an average annual
`
`salary of more than $100,000.
`
`NXP, which had revenue of $11 billion in 2021, has about
`
`4,000 employees in Austin, where it has multiple facilities,
`
`including two chip fabrication plants. Globally, it has more
`
`than 29,000 employees.
`
`The company's potential Austin expansion would add to
`
`what is becoming a critical mass of semiconductor firms in
`
`Central Texas. In addition to the potential expansions in
`
`the region by Infineon and Applied Materials, Samsung
`
`announced last year that it is building a $17 billion chip
`
`factory in Taylor.
`
`"It's really exciting - people (in the chip industry) want to
`
`be close to where all the action is going," Patton said.
`
`"With the migration of firms expanding to Austin and
`
`https://news.yahoo.com/chipmaker-nxp-considers-austin-2-032303596.html
`
`3/9
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`9/11/22, 1:34 PM
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`Case 6:22-cv-00466-ADA-DTG Document 46-4 Filed 09/12/22 Page 5 of 6
`Chipmaker NXP considers Austin for $2.6 billion expansion, up to 800 new jobs
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`school district are drawing some opposition.
`
`Under the Chapter 313 program, school districts are
`
`reimbursed by the state for the corporate tax breaks they
`
`agree to provide. That attribute has made Chapter 313
`
`controversial among critics who say school districts have
`
`ii:/ii
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`no reason not to grant them, and that the program
`
`siphons money from taxpayers statewide as handouts to
`
`corporations.
`
`"There's no such thing as free money," said Doug Greco,
`
`lead organizer with Central Texas Interfaith, a group that
`
`opposes all Chapter 313 deals and has worked to help end
`
`the program.
`
`"It's money that is being drained out of the state budget
`
`that could be going to schools," Greco said. "When you add
`
`these (deals) up, it's just a drain on the system that we
`
`can't sustain. Let's stop the gold rush here."
`
`Central Texas Interfaith turned out for the meeting
`
`Tuesday to urge Austin school board members to seek
`
`feedback from the community before agreeing to any deal
`
`with NXP.
`
`More: Tech firm Applied Materials considers Hutto for $2.4
`
`billion facility, hundreds of jobs
`
`Michael Lateur, a managing director of Kroll, told the
`
`board that the potential deal would be a boon to the
`
`district by reducing the costs it incurs under a state
`
`program known as recapture, which is designed to support
`
`school districts that have less property wealth per
`
`student.
`
`Austin school district leaders expect to send $846 million
`
`to the state under recapture during the 2022-23 academic
`
`year.
`
`The Austin school board hasn't taken a vote on NXP's bid
`
`for tax breaks, although it could vote to move forward
`
`https://news.yahoo.com/chipmaker-nxp-considers-austin-2-032303596.html
`
`4/9
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`9/11/22, 1:34 PM
`
`Case 6:22-cv-00466-ADA-DTG Document 46-4 Filed 09/12/22 Page 6 of 6
`Chipmaker NXP considers Austin for $2.6 billion expansion, up to 800 new jobs
`
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`"The trustees are going to have to kick the tires on this,
`
`but whatever you think about this kind of deal, there's no
`
`financial downside to the school district," Austin school
`
`district spokesperson Jason Stanford said. "We would send
`
`less money to the state in recapture and keep more for
`
`our kids. We'd come out ahead."
`
`If NXP chooses Austin for the expansion, it would add to a
`
`recent string of economic development wins for the Austin
`
`metro area.
`
`Samsung's next-generation chip fabrication plant in Taylor
`
`is expected to employ 1,800 people. Meanwhile, electric
`
`automaker Tesla announced late last year that it had
`
`moved its corporate headquarters to Austin, and in
`
`December it started production at its new $1.1 billion Travis
`
`County factory.
`
`Both of those facilities received Chapter 313 incentives
`
`deals from Central Texas school districts.
`
`This article originally appeared on Austin American(cid:173)
`
`Statesman: Chipmaker NXP considers Austin for $2.68
`
`expansion, up to 800 new jobs
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