TMSC's original investment would more than triple and the $40 billion stake would represent the largest private-sector investment ever in Arizona.
Taiwan Semiconductor Manufacturing Co.'s massive economic investment in Arizona is about to get much bigger.
Biden’s visit to TSMC is his first to the state as president. During the event, TSMC also plans to announce it will produce advanced, smaller, 3-nanometer chips by 2026 at that new factory, or fab. Executives from some of TSMC’s most visible suppliers and customers will attend the late morning and early afternoon event at the complex near 43rd Avenue and West Dove Valley Road. The dignitaries include Apple CEO Tim Cook, TSMC founder Morris Chang, Micron Technology CEO Sanjay Mehrotra and NVIDIA Corp. CEO Jensen Huang. Apple has announced plans to buy chips made at the north Phoenix facility.
In addition, Biden is expected to argue that Arizonans overall are feeling positive impacts from his economic policies through a relatively low unemployment rate and job creation that, he said, is helping working families including disadvantaged groups. In August, for example, the National Telecommunications and Information Administration announced $105 million for high-speed internet projects in tribal areas in Arizona.
In fact, TSMC said it's planning an on-site industrial water reclamation facility that it claims will result in nearly no liquid discharge.
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