TSMC Plants Add 4500 Jobs

TSMC which recevied $12 Billion in CHIPs act subsidies will create 4500 jobs. 2200 have already been hired, half of which are from Taiwan. This should be huge boost to number of high wage workers that will need housing in North Phoenix

1/1/20251 min read

In ceremonies at the Taiwan Semiconductor Manufacturing Company’s (TSMC) new headquarters and fabrication plant (fab) under construction in north Phoenix, Mayor Kate Gallego thanked the company for bringing large-scale semiconductor manufacturing to Phoenix, and thanked President Biden for the CHIPS Act which made this massive impact from TSMC on Phoenix and to the local economy possible.

Also Tuesday, TSMC made its own announcement: it will more than triple its investment in Arizona from $12 billion to $40 billion, making it one of the largest Foreign Direct Investments (FDI) in United States history. The company also announced that it will add a second fab to the Phoenix site that will produce of advanced, smaller 3 nanometer (nm) chips, in addition to the already-announced plans for 4nm wafers.