Construction could begin next year on a new manufacturing facility that could eventually cost as much as $12 billion to compete.
The Taiwan Semiconductor Manufacturing Company, based in Hsinchu, Taiwan, announced last spring that it wanted to build its second U.S. manufacturing facility in the metro Phoenix area.
At the time of that announcement, Phoenix Mayor Kate Gallego said the project was destined to “change the landscape of our community in a huge, positive way.”
In recent months, the company has been working with state and local officials to find a location and now appears to be interested in a 3,700-acre vacant site on the northern side of the city.
That site, located around 30 miles to the north of downtown Phoenix, is located at the northwest corner of Loop 303 and 43rd Avenue.
The next step in the process of the Taiwan company actually building in Phoenix will require a city-approved rezoning of the site in question.
Founded in 1987, the Taiwan Semiconductor Manufacturing Company has seen annual revenues in excess of $35 billion. The company’s revenues increased by another nearly 30% earlier this year.
Plans call for a gradual building out of the new Phoenix facility, with operations beginning in 2024.
By Garry Boulard
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