Taiwan Semiconductor Manufacturing Company announced it expects to increase spending by as much as 40% this year following a strong surge in profit in late 2025.
TSMC has already set the stage for a major expansion in north Phoenix after it recently acquired 900 acres of land
The tech company already announced about $65 billion in investment in Arizona late last year, and on Thursday said that it plans to speed up construction of new plants for its fab cluster in the state.
That announcement came the same day Taiwanese officials said they inked a new $250 billion investment deal with the U.S. to cut tariffs to 15%.
Despite AI investment bubble concerns, analysts say the chipmaker is in a good position, given how many companies rely on its semiconductors.
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Communities in Colorado and Utah are reporting drops in tourism as fires burn nearby and smoke floats in. -
Several Tempe and Phoenix neighbors reported smelling a strong odor of natural gas outside their homes on July 6, but local authorities said they did not detect a gas leak. -
The Federal Emergency Management Agency has once again denied a Major Disaster Declaration request from the city of Globe. Gov. Katie Hobbs and the city’s mayor have condemned the decision. -
The semiconductor manufacturer TSMC says it’s investing another $100 billion in Arizona. Phoenix Mayor Kate Gallego and TSMC’s CEO C.C. Wei say it’s the largest direct investment from a foreign company in U.S. history. -
Going without air conditioning in the Arizona summer can be life-threatening. Yet many don’t have access at home because of the cost to replace or repair their units.
