Work could begin sometime next year on the construction of a mammoth semiconductor manufacturing facility in metro Phoenix.
The Taiwan Semiconductor Manufacturing Company, whose corporate offices are based in Hsinchu, Taiwan, wants to build a $12 billion facility that will go up in phases and will produce chips for Apple, Inc., as well as a number of other clients.
The company, with revenues of more than $35 billion last year, manufactures more than 10,700 products and has design centers up and running in Austin, Texas and San Jose, California.
Construction of the Phoenix facility comes after negotiations with TSMC and State of Arizona officials.
The building of the new facility, said Commerce Secretary Wilbur Ross in a statement, is a sign of a “renaissance in American manufacturing.”
TSMC, which also operates a manufacturing facility in Camas, Washington, additionally makes products that are used in smart phones and automobiles.
Although the exact site for where the company will build in greater Phoenix has not yet been announced, TSMC officials say they want to see work beginning on the new facility next year, with the plant becoming operational in 2024.
It is expected that additions to the facility will be built over a 5-year period after the initial opening of the plant.
By Garry Boulard
Your comment will be posted after it is approved.
Leave a Reply.
Get stories like these right to your inbox.