The Taiwan Semiconductor Manufacturing Company is delaying the start of production at its massive plant under construction in Phoenix, spotlighting Arizona’s shortage of skilled workers.
Work on the first of two TSMC chip fabricating facilities near Interstate 17 and Loop 303 started more than two years ago. The company had been aiming to start production next year.
TSMC is investing $40 billion in its Phoenix operations. The first fab, which was announced in 2020, has a $12 billion price tag and will make 4 nanometer chips. After President Joe Biden signed the $280 billion CHIPS Act in 2022 to bolster the domestic microchip industry, TSMC said it would invest another $28 billion in Phoenix on a factory for 3 nanometer chips.The Phoenix facilities were expected to create 10,000 jobs — including 4,500 directly with TSMC — plus another 10,000 construction jobs.
Read the full article at KTAR.com
Author: J.D. Manning
EverythingArrowhead.com founder and administrator. Arrowhead resident and Realtor, The Arrowhead Agent with eXp Realty
