May 17, 2020
Hsinchu, Taiwan-based Taiwan Semiconductor Manufacturing Co. (TSMC), plans to invest roughly $12 billion to build an advanced semiconductor factory in Phoenix. The giant manufacturer produces silicon chips for Apple and numerous other big Silicon Valley technology companies.
Arizona Governor Doug Ducey says, “TSMC could have picked any place in the world to build this advanced manufacturing factory. They chose Arizona for our unbeatable business climate, already thriving tech sector and ready access to an international supply chain.”
The company is evaluating several sites in Phoenix for a factory that could generate about 1,600 jobs. Construction is planned to start in 2021, with production targeted to begin in 2024.
The facility will allow TSMC to better support customers and partners and attract global talent. The plant will allow U.S. companies to fabricate cutting-edge semiconductor products within the United States, and benefit from the proximity of a world-class semiconductor foundry and ecosystem.
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