Latest news with #Dallas-based
Axios
7 hours ago
- Business
- Axios
Texas Instruments expanding U.S. chip production
Texas Instruments plans to spend $60 billion to produce more chips in the U.S. and has carved out an even larger role for Sherman, where the Dallas-based company is building a megasite. Why it matters: Chips are integral to cars, data centers and electronics and are difficult to manufacture. The Biden and Trump administrations have advocated for the U.S. to manufacture more chips domestically and rely less on Chinese tech components. State of play: TI says it will make the country's largest investment in foundational semiconductor manufacturing, creating over 60,000 new jobs. The company was already building two semiconductor fabrication plants, referred to as fabs, at a megasite in Sherman. Now, the company says it will build two more plants at the site to support future demand. TI also plans to ramp up production at its existing plants in Richardson and Lehi, Utah. The intrigue: TI is more than graphing calculators. The 95-year-old company's technology is found in Apple products, Ford vehicles, SpaceX's Starlink internet service and health care equipment. The company is also working with Nvidia to develop advanced AI infrastructure. Zoom out: Samsung is investing more than $40 billion, along with $6.4 billion in federal money, to expand semiconductor production in Central Texas, including a 1,200-acre chip manufacturing plant outside Austin — almost twice as large as the company's flagship campus in South Korea. Taiwan Semiconductor Manufacturing Co. is planning six plants in Phoenix and says 30% of its most advanced chips will be produced in Arizona. Threat level: The U.S. has scrambled to ramp up chip production capacity after the pandemic exposed the country's overreliance on imports as a national security issue, Axios' Nathan Bomey reports.
Associated Press
14 hours ago
- Business
- Associated Press
Panos Partners Announces El-Paso Market Acquisition to its Texas-Based Diagnostic Imaging Platform
Add-On Grows Diagnostic Imaging Centers of Texas Platform to Twenty-Three Locations Across Texas DALLAS, TX, UNITED STATES, June 27, 2025 / / -- Panos Partners, LLC ('Panos'), a private equity firm based in Dallas, announced that its healthcare services platform, Diagnostic Imaging Centers of Texas ('DICOT'), has acquired El Paso based Desert Imaging. Simultaneously with the acquisition of Desert Imaging, Panos alongside its financial and capital market partners recapitalized DICOT and closed a newly formed special purpose vehicle designed to more efficiently finance longer dated LOP receivables. DICOT is a leading provider of diagnostic and pain management services in 5 Texas markets, with a total of 23 locations. Bryan Scott, Managing Partner and Founder at Panos commented, 'We are excited about welcoming Desert Imaging to the DICOT family of brands. This business combination creates opportunity for incremental revenue generation by providing patients with greater access to litigation-based healthcare. DICOT's recapitalization and new line of credit will provide liquidity for it to continue its growth and mission of providing outpatient diagnostic imaging and pain management services throughout Texas.' The CEO of the Diagnostic Imaging Centers of Texas Todd Greene said, 'Desert Imaging aligns seamlessly with our platform strategy. We're excited to partner with their leadership team as they continue delivering diagnostic imaging services across El Paso and pursue growth in litigation-funded healthcare offerings. It's a pleasure collaborating with the Panos team and their trusted capital partners.' About Panos Partners Formed in 2016, Panos is a Dallas-based private equity sponsor focused on making investments in middle-market healthcare and business services companies. Panos' managing partners are seasoned operating executives who have a track record of building businesses and assisting entrepreneurs grow their enterprises. Panos has $200M+ in assets under management. Bryan Scott Managing Partner and Founder email us here Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Skift
14 hours ago
- Business
- Skift
Omni Hotels President: Why We Still Own Hotels in an Asset-Light Era
CEOs at big hotel brands like to brag about how little they own. Omni is betting that ownership still gives it an edge in design, service, and loyalty. While major hotel brands have pulled back from large-scale convention hotels in favor of asset-light growth, Omni Hotels & Resorts is doing the opposite. It's still building them and, in most cases, owning them. The Dallas-based company plans to spend $1.5 billion on development and renovations over the next five years. But President Kurt Alexander framed that figure as part of a longer-term approach. "We've averaged between $200 and $300 million a year over the last 10 years," Alexander told Skift, referring to renovations and new builds. "It speaks to our commitment to elevating our brand at every single touch point, both in terms of the existing properties, as well as adding new properties." Omni remains one of the last large hotel companies committed to a vertically integrated model. It owns most of its roughly 50 properties and handles operations in-house. The company also employs more than 35 professionals on its internal design and construction team, focused on guest-facing details from room layouts to restaurant seating. "We are the owner-operator brand, which is really the last player in that regard," Alexander said.
Business Insider
16 hours ago
- Business
- Business Insider
Southwest CEO says he's open to adding lounges — and flights to Europe
Southwest Airlines ' transformation could become even more radical, as its CEO eyes plenty of potential changes. "Whatever customers need in 2025, 2030, we won't take any of that off the table," Bob Jordan told CNBC on Wednesday. "We'll do it the Southwest way, but we're not going to say 'We would never do that.'" He added that some people decide not to fly with Southwest because it doesn't offer "things like lounges, like true premium, like flying long-haul international." The Dallas-based budget airline has started overhauling its business model in recent months. Since the pandemic, passengers' spending habits have changed as more are now willing to pay for premium options. Coupled with increased fuel and labor costs, plus overcapacity in the domestic market, that spelled bad news for budget airlines' bottom lines. Southwest has also faced pressure from the activist investor Elliott Investment Management. The stock is up more than 10% over the past 12 months, but flat over the past five years. Last July, the airline announced that it would end its signature open-seating policy — instead encouraging customers to pay to choose where they sit and for upgrades like extra legroom. Ryanair, the European budget airline modeled on Southwest, introduced allocated seating more than a decade ago. And last month, Southwest ended its trademark policy of " two bags fly free." It now costs $35 for a first checked bag and $45 for a second one — although all loyalty members and credit card holders can get one for free. It's clear that Southwest is angling itself to encourage more loyalty and promote upgrades, but Jordan's comments suggest it isn't done just yet. The airline serves a number of destinations in Mexico, Central America and the Caribbean. Last month, Southwest asked the Department of Transportation for permission to fly to any of the 100-plus countries with which the US has an Open Skies agreement. In the filing, the airline said that being granted such permission would "promote competition and increase the traveling public's ability to access Southwest's high-quality, low-fare service." A Southwest spokesperson told Business Insider that the filing was "not necessarily indicative of anything forthcoming." On Wednesday, Jordan told CNBC: "No commitment, but you can certainly see a day when we are as Southwest Airlines serving long-haul destinations like Europe." "Obviously you would need a different aircraft to serve that mission, and we're open to looking at what it would take to serve that mission."
Business Journals
a day ago
- Business
- Business Journals
Comerica Bank appoints Stephen Jeffrey as Austin area president
A Dallas-based bank has named a new leader for the Austin market. In this story, we take a closer look at the new hire and his background in banking. The story also includes details on the bank's assets. In addition, we've added a list of banks with Austin area branches.
