A Taiwanese semiconductor testing company has bought the site for its first U.S. plant in south Fort Worth, two days after the City Council approved a tax break tied to a $1.3 billion investment.
AeternZ Semiconductor Testing, a subsidiary of Nvidia supplier King Yuan Electronics, disclosed in an Oct. 29 filing with the Taiwan Stock Exchange that it paid $79.4 million for land and buildings at 273 W. Everman Parkway, the Fort Worth Report reported. The property covers 1.18 million square feet and includes about 489,500 square feet of buildings.
The incentive deal
The council voted unanimously on Oct. 27 for a 10-year abatement of up to 65% of city property taxes, according to the city's economic development presentation as described by the Report. The incentives carry an estimated value of $50 million, and the plant is projected to generate about $26.8 million in new city taxes over the agreement's term.
To qualify, the company must invest at least $1.3 billion by December 2028, with $1 billion in real property improvements and $300 million in equipment, and must hire 630 full-time workers at an average salary of at least $80,000. City economic development staff called it the largest investment to date in the Interstate 35W South corridor.
A filing with the Texas Department of Licensing and Regulation dated Oct. 28 shows work has started on renovating and expanding a 500,000-square-foot building on the site, with completion expected in August 2027, the Report said.
A year of announcements
The purchase came as the Fort Worth Economic Development Partnership, a privately funded nonprofit spun off from the Fort Worth Chamber in 2023, held its annual meeting Oct. 29 at the Hotel Drover.
Robert Allen, the partnership's president and CEO, said the city has drawn about $1.9 billion in new capital investment so far this year, tied to an estimated 4,100 jobs.
