TSMC in Phoenix, AZ: $40B Chip Factory

The Taiwan Semiconductor Manufacturing Company (TSMC) originally planned to put $12 billion into their new facility in Phoenix, Arizona. Last week (in Dec2022) TSMC announced that they are upping their investment to $40 billion, more than 3x the original amount.

TSMC's electronic chips are in every device manufactured in the modern world: automobiles, refrigerators, musical instruments, security devices... the list goes on. Having them here in Phoenix is a big boost for the local economy and a big plus for multifamily investors. The biggest driver of success in multifamily investing: Jobs.

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