April 26, 2024 12:07 pm
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Taiwan Semiconductor buys north Phoenix land for $89M; Comments from Jordan Rose, Rose Law Group Founder and President

By Corina Vanek | Phoenix Business Journal

Taiwan Semiconductor Manufacturing Co. Ltd. bought 1,128 acres of land in north Phoenix at a state land auction Wednesday afternoon on which it intends to build a $12 billion factory, which is projected to create more than 1,600 jobs.

The purchase was made under the entity, TSMC AZ Corp., which was the only bidder in the auction. The land was purchased for $89 million, which was the minimum bid for the land.

Read the full subscription from the Phoenix Business Journal.

“The future positive impact of this sale on our state economy cannot be overstated – it’s like another Intel was just dropped in our West Valley.  This has the potential to be at least in the top three best deals our state has ever made in terms of future growth!  What a tremendous day for Arizona.”

Jordan Rose, Rose Law Group Founder and President

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.