Major semiconductor manufacturers considering Chatham County site for possible $30 billion semiconductor plant

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triangle innovation point
Triangle Innovation Point rendering (JLL)

At least two major semiconductor manufacturers are considering a site south of the Triangle in Chatham County for the construction of a mammoth semiconductor manufacturing plant, WRAL Techwire reports.

The broadcaster says in a Jan. 5 posting that a a corporate real estate executive confirms that there is “lots of interest” in the location from multiple companies.

North Carolina is “well positioned” to land a project that could be worth as much as $30 billion and create as many as 10,000 jobs, WRAL reported, citing a source who requested anonymity and declined to identify the firms.

The mega-project would be located in the 1,200 acre Triangle Innovation Point.

“It’s the only site in North Carolina that’s suitable,” the executive said. It has water, power, and workforce availability.

Toyotal recently committed to build a $1.29 billion battery plant at another Triangle megasite.

The project isn’t confirmed yet, and it reportedly is awaiting pending federal legislation, the U.S. Innovation and Competition Act, which includes $52 billion for semiconductor research, design and manufacturing.

Matt Winters, executive vice president for JLL, the corporate real estate listing agent for Triangle Innovation Point, said interest is keen in the property.

“We are seeing lots of interest from multiple projects,” Winters in an interview with WRAL TechWire. “A lot of activity for a large project, and the site is one of the few in the state of North Carolina and in the Southeast that has really strong fundamentals with access to talent and infrastructure.”

He said there is a list of some 15 to 20 active projects that are considering locating at the Triangle Innovation Point site.

“I’d expect that we’ll have an announcement on that piece in the next couple of months,” Winters added.

The property owners, Kaplan Companies of Denver, Co., and JLL have already brought on the Samet Corporation to develop a 400-acre Tip West site, said Winters. The site also includes an additional 1,800 acres, Triangle Innovation Point East, which Winters said could accommodate a large scale manufacturing facility, the broadcaster reported.

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