By Jessica Boehm | AXIOS Phoenix
TSMC plans to secure another piece of land in Arizona for expansion.
Taiwan Semiconductor Manufacturing Co. is close to securing additional land in Arizona to create an “independent gigafab cluster,” chairman and CEO CC Wei announced on an earnings call Thursday morning.
Why it matters: The new land will allow TSMC to execute its $165 billion vision for Phoenix and cement the Valley as an unequivocal semiconductor hub.
The latest: Wei said “strong AI-related demand” is driving TSMC to speed up its Arizona expansion and roll out advanced process technologies sooner.
