Taiwan chipmaker TSMC to build second Arizona facility, increase investment to $40 billion

Dec 6, 2022, 3:00 AM

(Photo by Annabelle Chih/Getty Images)...

(Photo by Annabelle Chih/Getty Images)

(Photo by Annabelle Chih/Getty Images)

PHOENIX — Chipmaker Taiwan Semiconductor Manufacturing Company is strengthening its presence in Arizona, announcing Tuesday it will build a second facility in the state and increase its investment to $40 billion.

The announcement comes on the same day President Joe Biden will visit TSMC’s multibillion dollar under-construction plant in north Phoenix near Interstate 17 and Loop 303, which is expected to open in 2024.

The second site will be nearby and will add $28 billion to TSMC’s investments in Arizona, according to the company.

The facilities combined will create 10,000 jobs, with 4,500 directly with TSMC. Another 10,000 construction jobs will be available.

TSMC also announced it will produce more chips than initially proposed at its first facility because the company will make 4 nanometer ones. Initially, TSMC said it would produce 5 nanometer chips at the facility.

The second site will make 3 nanometer chips.

Apple, whose CEO Tim Cook is expected to be with Biden in Phoenix on Tuesday, has already committed to buying chips from the TSMC facility.

The Hsinchu, Taiwan-based company’s news follows a busy few months of semiconductor news statewide and nationally.

In August, Biden signed the $280 billion CHIPS Act that is designed to boost domestic high-tech manufacturing and lessen dependence on overseas semiconductor supply chains. The bill sets aside $52 billion for the computer-chip sector.

Earlier this month, Arizona allocated $100 million in federal funding to juice the state’s semiconductor industry.

The Arizona Commerce Authority will manage the allocation, which will in part be used to help the state take advantage of opportunities under the CHIPS Act.

Arizona Gov. Doug Ducey visited Taiwan in September, where he spoke during a meeting with Taiwanese President Tsai Ing-wen and hailed TSMC’s investment in the state.

TSMC has operations in Asia, Europe and North America.

The Associated Press contributed to this report.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Lou Malnati’s Pizzeria will open a new location in Surprise this fall. (Lou Malnati’s Pizzeria)...

Chicago pizza chain Lou Malnati’s announces new Surprise location

Lou Malnati’s Pizzeria will open its ninth Valley location this fall. The popular chain plans to open a new location in Surprise.

3 minutes ago

(Facebook File Photo/Phoenix Police Department)...

Man riding motorized scooter dead after being hit by vehicle in downtown Phoenix

A local man riding a motorized scooter died on Friday evening after he was struck by a vehicle in downtown Phoenix.

3 hours ago

Follow @KTAR923...

Lane Park brings bowling, ice curling, more to Old Town Scottsdale

Lane Park, a new upscale entertainment venue in Old Town Scottsdale, is now open. The spaces features games, music, food, drinks and more.

4 hours ago

The Wildcat Fire burning north of the Valley and west of the Bartlett Lake Reservoir. (Inciweb Phot...

Firefighters nearing full containment on Wildcat Fire burning north of Phoenix

Firefighters are nearing full containment on the Wildcat Fire burning north of Phoenix. The fire is 84% contained as of Saturday morning.

7 hours ago

Sewer line piping near the Ocotillo Water Reclamation Facility will be rehabilitated over the next ...

Damon Allred

City of Chandler to begin sewer line rehabilitation along Price Road this summer

Chandler City Council awarded service agreements on Friday that will ensure the rehabilitation of sewer line piping along Price Road.

9 hours ago

Salt River Flats: Phoenix affordable housing development opens...

Serena O'Sullivan

Maricopa County opens Salt River Flats development in south Phoenix

Maricopa County officials celebrated the grand opening of Salt River Flats, which has nearly 200 affordable housing units, on Thursday.

10 hours ago

Sponsored Articles


Sanderson Ford

3 new rides for 3 new road trips in Arizona

It's time for the Sanderson Ford Memorial Day sale with the Mighty Fine 69 Anniversary, as Sanderson Ford turned 69 years old in May.


Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.


Day & Night Air Conditioning, Heating and Plumbing

Day & Night is looking for the oldest AC in the Valley

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.

Taiwan chipmaker TSMC to build second Arizona facility, increase investment to $40 billion