Fort Worth Investment: Global Firms Pour $1.9B Into New Projects

AeternZ Semiconductor Testing confirmed on Oct. 29 that it purchased land and buildings in Fort Worth for $79.4 million. The filing with the Taiwan Stock Exchange marked the first U.S. manufacturing facility for the company. The property at 273 W. Everman Parkway includes 1.18 million square feet of land and approximately 489,500 square feet of structures. Local officials describe this as the largest investment to date in the Interstate 35W South corridor.

The deal follows a unanimous city council vote on Oct. 27 approving a 10-year tax abatement agreement. The incentives are estimated to be worth $50 million. To qualify, AeternZ must invest at least $1.3 billion by December 2028. That total includes $1 billion for real property improvements and $300 million for business equipment. The company must also hire 630 full-time employees with a minimum average salary of $80,000.

Construction on a portion of the project began on Oct. 28. Work involves renovating and expanding a 500,000-square-foot building, with completion expected by August 2027. AeternZ is a subsidiary of King Yuan Electronics Co., a Taiwan-based firm with over 9,500 employees. King Yuan supplies chip maker Nvidia and other semiconductor manufacturers. The parent company announced in June that it planned to invest $1.4 billion in the U.S. to strengthen its supply chain.

Robert Allen, president and CEO of the Fort Worth Economic Development Partnership, announced broader growth figures at the organization's annual event on Thursday. The city attracted $1.9 billion in new capital investment this year, creating 4,100 new jobs. Allen noted that this equates to more than $5 million in investment and 11 new jobs created every day. The partnership managed over 180 inbound projects in 2026, resulting in 13 wins and seven final-stage deals.

Growth has been strongest in aerospace and defense, advanced manufacturing, and corporate operations. Allen stated that aerospace and defense projects doubled in volume from the previous year. Since the partnership spun off from the Fort Worth Chamber of Commerce in 2023, the city has seen $11.6 billion in capital investment and 15,100 added jobs. Allen said companies are making location decisions faster than ever, and the ability to execute with speed may determine whether a project proceeds.

Another potential project is under consideration by the city council. Lighthouse Electric Co., a Pittsburgh-based firm, is evaluating Fort Worth for a plant that builds modular electric solutions. The proposed investment is $30 million and would create 600 jobs with an average annual salary of $91,000. The company would operate from the AllianceTexas development. Council members are scheduled to vote on the agreement at their Nov. 10 meeting.