BREAKING: TeraFab secures two major Texas agreements for Phases 2 and 3, representing nearly $48 billion in investment. The previously announced $16.8 billion figure applied only to TeraFab’s initial Phase 1. These new agreements cover the Anderson-Shiro portions of the next two phases. • The agreements cover the Anderson-Shiro CISD portions of TeraFab Phases 2 and 3. Both became effective on August 18 and were posted by the Texas Comptroller on August 21. • The official applications project $23,838,288,600 of investment for each, or $47,676,577,200 combined. That includes approximately $18.78 billion in buildings and real property plus $28.90 billion in machinery and equipment. • Phase 2 construction is scheduled for 2029-2031, followed by Phase 3 from 2032-2034. Each plans approximately $7.53 billion, $8.09 billion and $8.22 billion of investment across its three construction years. • The filings describe TeraFab as a SpaceX-planned, vertically integrated semiconductor facility led by affiliated technology companies including Tesla, SpaceX and xAI. The broader four-phase plan is estimated at approximately $119 billion. • TeraFab aims to bring chip design, photomask production, wafer fabrication, advanced packaging and system integration together on one Texas campus, including sub-2-nanometer-class technology, supporting power generation and a space-compute test facility. • Each of these two portions is projected to create 617 direct permanent jobs, bringing the combined projection to 1,234. Each is also estimated to support 2,185 total jobs statewide when indirect and induced employment is included. • Each three-year build is estimated to support an annual average of 11,316 direct construction jobs, or 14,562 jobs when indirect and induced work in Grimes County is included. • Projected average salaries are $168,924 when Phase 2 begins operations in 2032 and $179,264 when Phase 3 begins in 2035. Estimated direct annual payroll is $104.23 million and $110.61 million, respectively. • The two economic-impact studies collectively project approximately $5.36 billion in state and local tax revenue across their respective 38-year analysis periods. This includes about $2.49 billion for Anderson-Shiro CISD and $1.45 billion in property taxes for Grimes County itself. • For newly eligible property, the taxable value used to calculate Anderson-Shiro CISD maintenance and operations taxes will be zero through construction completion and 50% of market value during each 10-year incentive period: Phase 2: 2032-2041 Phase 3: 2035-2044 • This is not a blanket exemption from all taxes or a direct cash payment. County taxes, school debt-service taxes, land, inventory and existing property remain outside the limitation. • The Texas Comptroller concluded that each phase should generate enough state and local tax revenue over 20 years to offset the school M&O revenue lost under the agreement. The applications also state that the incentive was decisive in choosing Texas after locations in Arizona, New Mexico and Nevada were considered. • Each contract separately requires at least $20 million of eligible investment and 10 qualifying jobs. These are legal compliance minimums, not the much larger project forecasts. • The required jobs cannot be counted under both agreements. They must be new, primarily on-site, full-time positions of at least 1,600 hours annually, with average wages of at least $66,668. TeraFab must also offer and contribute to employee health coverage. • Each agreement is backed by a $33,583,540 performance bond or guarantee, totaling $67,167,080. Public compliance reports, audits and site inspections are required, while failures can trigger penalties, termination and recovery of lost tax revenue plus interest.