Semiconductor company to spark north Phoenix growth

By Brent Ruffner | Your Valley (Submitted Photo)

Experts say the announcement of a Taiwanese semiconductor manufacturing company coming to the Valley will trigger new growth in north Phoenix, spurring the region to become a new epicenter for high-wage jobs.

Taiwan Semiconductor Manufacturing Co. announced plans last year it would build a new facility in north Phoenix, and small and medium industry-related businesses should benefit, experts said.

Its announced plans to invest $3.5 billion in a second U.S. manufacturing site in north Phoenix — its first was in Washington with design centers in San Jose, California, and Austin, Texas — come as concern grows over heavy American reliance on sources in Asia for high-tech components, the Associated Press reported.

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