DALLAS – Bracewell LLP advised Space Exploration Technologies Corp (SpaceX) on economic development tax incentives for its Terafab facility, a vertically integrated semiconductor fabrication plant to be constructed in Grimes County, Texas.
The initial phase of the Terafab project represents a capital investment of more than $16.8 billion and will create at least 3,000 new jobs. The facility is a qualified project under the Texas Jobs, Energy, Technology and Innovation (JETI) program and has been given a Texas Enterprise Fund (TEF) grant of $30 million.
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Bracewell lawyers involved in this transaction included:
Partners: Bucky Brannen, Derek Young and Julie M. Partain
Associates: Jacob T. Franzen and Julia Wyckoff Boyce
