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A Taiwanese semiconductor company is upping investments in AZ. What that means for the economy

Jim Rounds
Jim Rounds
Jim Rounds

Taiwan Semiconductor Manufacturing Company, known as TSMC, says it’ll be expanding its investment in Arizona.

The firm had originally committed to a $12 billion facility in the Valley. But surrounding a visit by President Joe Biden and others Dec. 6, TSMC said it’d increase that to around $40 billion; the company says that’ll also mean more jobs — both in building the campus and also permanent jobs once the facilities are up and running.

To learn about this investment and what it might mean for the region and its economy, The Show spoke with economist Jim Rounds of Rounds Consulting.

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Mark Brodie is a co-host of The Show, KJZZ’s locally produced news magazine. Since starting at KJZZ in 2002, Brodie has been a host, reporter and producer, including several years covering the Arizona Legislature, based at the Capitol.