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

• 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.

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