According to reports, NXP Semiconductors recently held a meeting with members of the board of directors of the Austin Independent School District in Texas to discuss expanding the chip fab by spending $2.6 billion and adding 800 jobs.

NXP spokesman Jacey Zuniga said the company is also considering other cities as locations for the expansion, with an initial final decision expected in the fourth quarter of this year and construction starting in 2024.

According to public information, NXP has four fabs in the United States, two of which are located in Austin, Texas.