Skip to content

Biden to visit TSMC plant under construction in north Phoenix

Phoenix Business Journal

President Joe Biden will visit Phoenix on Dec. 6 to attend a ceremony at the under-construction Taiwan Semiconductor Manufacturing Inc. facility. 

The tool-in ceremony marks the arrival of the first batch of production equipment at the fab.  

The White House announced Wednesday morning that Biden would be in attendance and “discuss how his economic plan is leading to a manufacturing boom, rebuilding supply chains, and creating good-paying jobs in Arizona and across the country.”

House Speaker Nancy Pelosi also was invited to attend the ceremony, Focus Taiwan reported last month.

In early November, the state of Arizona announced it would allocate $100 million in federal funds it was awarded to boost the state’s semiconductor industry and after the CHIPS and Science Act was signed into law in August.

TSMC is scheduled to start mass production of semiconductor chips in Phoenix in 2024. The first phase of the TSMC project, under construction just north of the Loop 303, will be worth $12 billion. The final investment in the facility, now under construction, will be even larger, potentially worth as much as $35 billion.

In a statement to the Business Journal last month, TSMC confirmed that it is now constructing a building to serve as a second fab at its Arizona site, leveraging resources from construction of its first fab for greater cost effectiveness. 

Bloomberg News reported on Nov. 16 that Apple Inc. CEO Tim Cook told employees during internal remarks that the tech giant would contract with TSMC in north Phoenix to purchase chips. 

TSMC is Apple’s exclusive chip-manufacturing partner from its plants in Taiwan, Bloomberg reported.

 


Register for the Council’s upcoming Phoenix and Tucson tech events and Optics Valley optics + photonics events.


 

Sign up for our
Newsletter!