Arizona's Semiconductor Boom: Taiwan Semiconductor Manufacturing's Monumental Investment

Event information

- Taiwan Semiconductor Manufacturing and the U.S. Department of Commerce have signed a preliminary memorandum of terms for up to US$6.6 billion in funding under the CHIPS and Science Act, specifically for TSMC Arizona. - Plans to build a third fab at TSMC Arizona mark the largest foreign direct investment in Arizona history, totaling over US$65 billion in capital expenditure. - The third fab strengthens Arizona's semiconductor industry, creating approximately 6,000 direct high-tech, high-wage jobs and numerous indirect jobs, boosting the state's economy. - Production at the first fab, leveraging 4nm technology, is expected to begin in the first half of 2025, positioning Arizona as a semiconductor manufacturing hub. - Green manufacturing practices at TSMC Arizona, including a 90% water recycling rate, align with Arizona's focus on sustainability and environmental responsibility. - The PMT proposes up to US$5 billion in loans, alongside the US$6.6 billion in direct funding, signaling significant financial support for Arizona's semiconductor industry. - TSMC's expansion in Arizona reinforces the state's leadership in technology and innovation, attracting further investment and talent. - Long-term financial goals, including revenue growth and high return on equity, demonstrate confidence in Arizona's semiconductor ecosystem and its potential for sustained success. - All TSMC overseas investments, including those in Arizona, are subject to regulatory approvals in Taiwan, ensuring compliance and transparency in the investment process. Additional information on <Source>