TSMC wins state land auction for campus expansion site

Taiwan Semiconductor Manufacturing Co. is shelling out nearly $200 million to buy the land south of its fast-growing Phoenix plant.

The semiconductor giant was the winning and only bidder during an Arizona State Land Department auction on Jan. 7, with TSMC Arizona President Rose Castanares raising the winning paddle with a bid of $197.25 million.

TSMC is planning to expand its campus on the newly acquired land, which amounts to about 900 acres. It’s the first chunk of land within the planned NorthPark development, which will be a sprawling master-planned community across over 7,000 acres near TSMC.

TSMC’s arrival in the Valley and subsequent boosting of investment in its plant, now totaling $165 billion, has spurred widespread development across the north Phoenix area. Up until now, that area has been mostly vacant desert land.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

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