NXP incentives applications show potential Austin expansion project details
AUSTIN, Texas — Semiconductor production company NXP is one of the latest planning a potential expansion in Central Texas, with new details recentl...
AUSTIN, Texas — Semiconductor production company NXP is one of the latest planning a potential expansion in Central Texas, with new details recently made public in incentives applications. According to a report from the Austin Business Journal (ABJ), NXP submitted two such applications, proposing to renovate or expand fabrication space at one of its two Austin campuses, a 153-acre site in southwest Austin and a 78-acre site in far East Austin. NXP is asking for Chapter 313 incentives, which allow businesses to cap property value for a portion of school taxes for manufacturing and energy projects for 10 years, per the report.