By Joe Bousquin | Construction DIVE
The Taiwan Semiconductor Manufacturing Co., the world’s largest manufacturer of semiconductors on contract, has broken ground on a $12 billion, 3.8 million-square-foot manufacturing complex in Phoenix, according to Bloomberg and local media reports.
Bloomberg reported that C.C. Wei, the firm’s CEO, said that construction is “well under way” during the company’s annual technology presentation to clients and investors and remains on track for production to start in 2024.
But ABC 15 Arizona, citing Asian media reports and City of Phoenix documents, reported that the plant could be three times larger than originally announced, with a total investment of closer to $35 billion and six factories on a fabrication mega site. Reuters has reported that a more advanced 3 nanometer-chip plant on the site could cost between $23 billion to $25 billion, and that investment in the Phoenix campus will roll out over 10 to 15 years.