Date: Nov 20, 2020
ARIZONA PROJECT: A spokeswoman said that TSMC appreciates the support from US authorities, which gives it and its partners confidence about future investments
City officials in Phoenix, Arizona, on Wednesday approved a slate of financial incentives and government support for Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) planned US$12 billion chip plant, a step toward bringing high-tech manufacturing to the US and addressing national security concerns over the industry supply chain.
The city agreed to provide about US$200 million to develop roads, sewers and other infrastructure, according to a notice from the city council.
At least one additional set of traffic lights would be included for a cost of approximately US$500,000.The company is conducting due diligence on several locations in Phoenix with a final decision to be made later. [FULL STORY]