TSMC Arizona Chip Factory ($40 billion)

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Taiwan Semiconductor announces 2nd Phoenix factory during Biden visit. Company plans $40B investment

Russ Wiles
Taiwan Semiconductor Manufacturing Co.'s massive economic investment in Arizona is about to get much bigger.

The company announced construction of another factory during a visit by President Biden on Tuesday, where the president cited the massive complex as a sign that "American manufacturing is back, folks."

Taiwan Semiconductor Manufacturing originally said it would invest $12 billion in the complex on a campus that spans nearly two miles by one mile, but the company marked the occasion by announcing it would more than triple its investment to $40 billion.

That would mark the state’s largest private-sector investment ever and one of the largest direct foreign investments anywhere in the United States.
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Few details have emerged yet on other challenges the TSMC investments could entail, such as water consumption, by these large fabs. Water supplies, in particular, are getting tighter here and throughout the Southwest, with Colorado River cutbacks coming. The company plans to recycle water for multiple phases of manufacturing and other needs.

In fact, TSMC said it's planning an on-site industrial water reclamation facility that it claims will result in nearly no liquid discharge.
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The latest announcement will mean more jobs. TSMC originally was planning on hiring about 2,000 people at its north Phoenix complex, but that could rise to 4,500 including the second phase. That’s in addition to thousands of construction and related jobs.