TSMC buys land in north Phoenix for US$89 million

TSMC announced in May it plans to spend US$12 billion on an advanced 5-nanometer fab in Arizona

Taiwan News
Date: 2020/12/15
By: Eric Chang, Taiwan News, Contributing Writer

TSMC Tainan office building (Reuters photo)

TAIPEI (Taiwan News) — Taiwan Semiconductor Manufacturing Company (TSMC) purchased a large piece of land in north Phoenix for a planned semiconductor plant last Wednesday (Dec. 9) at a state land auction.

TSMC’s US$89 million bid was the only one received by Arizona at an auction for a 1,129-acre tract of undeveloped land off Interstate 17, according to AZ Central. The auction made the location of the future facility public, which TSMC had previously kept quiet since May, when the project was first announced.

TSMC has said it plans to spend US$12 billion on an advanced 5-nanometer fab, which is expected to begin construction in 2021, with chip production slated to start by 2024. The company has said the new factory will create 1,900 full-time jobs over a five-year period.    [FULL  STORY]

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