SHERMAN, Texas (KTEN) — More people are moving to Sherman, and the Sherman Economic Development Corporation is making adjustments.

In October, SEDCO announced that two more global technology companies will be doing business in Sherman — Israel-based Perseys and Tokyo Electron form Japan.

SEDCO president Kent Sharp said contract negotiations with the suppliers will be finalized within a couple of months.

He said the semiconductor industry has a major impact on the nation's economy.

"Everything from driving a car to national security depends, so we need to have a very robust system here in the United States, and it's good to see any efforts," Sharp said. 

He adds that construction on the two facilities is slated to begin in the summer to be on schedule with the new Texas Instruments chip plant in 2025.