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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The federal government is providing $3 million to support a new mineral processing plant at the University of Arizona. The facility will be connected to an underground mine near the town of Sahuarita. -
A pair of education groups are proposing a ballot initiative to rein in Arizona's universal school voucher program — which has ballooned to a nearly billion-dollar-a-year expense since first approved in 2022. -
The city of Phoenix is trying to tackle its stray shopping cart problem with a new ordinance aimed at retailers. The Show wanted to know: What would the Cart Narc have to say about this? -
Thursday's verdict, reached in Arizona, “validates the thousands of survivors who have come forward at great personal risk to demand accountability against Uber,” said Sarah London, one of the lawyers representing the plaintiff — who said the company has put the "focus on profit over passenger safety.” -
Phoenix has a reputation, fair or not, of a boom town where old buildings often get demolished. Hit songs were recorded in midtown decades ago. In the 1960s, that success led to construction of what was once the top studio between Dallas and LA.
