# Finisar proposes $3 billion semiconductor wafer fabrication facility in Sherman, Texas

Finisar, owned by II-VI, proposed a $3 billion expansion on its current 76-acre site in Sherman, Texas, for a new semiconductor wafer fabrication facility, expected to create a minimum of 700 jobs (potentially up to 4,000). Construction is expected to start in 2025 and operation in 2028. Sherman ISD approved an $80 million cap on tax valuation for 10 years.

- Type: New facility
- Announced: 2022-12-06
- Where: Sherman, Texas, United States
- Value: $3.00B
- Jobs: 700
- Starts operating: 2028
- Status: announced
- Products: semiconductor wafers, iPhone components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Finisar](https://endata.com/companies/18788.md)
- [II-VI Incorporated](https://endata.com/companies/35405.md) (investor)

## Sources

- [kxii.com](https://www.kxii.com/2022/12/07/finisar-proposes-3-billion-sherman-expansion-new-facility/), 2022-12-07: "This is an exciting development for Sherman"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.