(Photo via Taiwan Semiconductor Manufacturing Co.)
By Corina Vanek | Phoenix Business Journal
“This is a unique deal. This deal had more complexity, more moving parts, more involvement from people inside and both outside the state than anything else I’ve been involved in.”
That is how Arizona Gov. Doug Ducey describes the effort that it took for the state, city of Phoenix, federal government and other groups involved to secure Taiwan Semiconductor Manufacturing Co.’s new chip fabrication plant in north Phoenix. The first phase, which was announced in late 2020 to be worth $12 billion, is the largest foreign direct investment in the state’s history. Sources with knowledge of the deal have confirmed that the final investment in the facility, now under construction, will be even larger, worth about $35 billion.
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