Business
$265 billion TSMC campus lifts Phoenix real estate demand
Livemint·
Taiwan Semiconductor Manufacturing Company's Arizona buildout totals $265 billion after a $100 billion expansion announced this year, Bloomberg wrote in Livemint. Colliers data showed warehouse and manufacturing vacancies near TSMC fell to 8 percent in June from 16 percent a year earlier. Taiwanese investors added about $500 million locally since 2021, matching Canadian inflows per the Greater Phoenix Economic Council.
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What It Means For You
- Workers and suppliers following TSMC may face rising rents as Taiwanese capital bids up suburban land.
- Brokers report midnight calls from Asian investors asking distance to TSMC before pricing tracts.
- Starlux and China Airlines now fly nonstop between Taipei and Phoenix as traffic grows.
What's Happening
- TSMC completed one advanced fab and plans two more operational by decade end on a 2,000-acre site.
- Investors at a Taipei briefing discussed dormitories, spas and karaoke for incoming Taiwanese staff.
- Arizona State professor Wei Li said bipartisan support keeps the project in a honeymoon phase for now.
Rent and land near fabs
- TSMC's market value nears $2 trillion, comprising nearly 40 percent of Taiwan's exchange capitalization.
- Taicoon targets a $1 billion mixed-use project with housing and a mall featuring Taiwanese brands.
- Northwest Phoenix leads metro demand for warehouses and manufacturing space, Colliers reported.
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