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TSMC Wins Approval From Phoenix for $12 Billion Chip Plant

  • The city will provide about $200 million in infrastructure
  • TSMC’s plant embodies U.S. efforts to bring manufacturing back
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City officials in Phoenix, Arizona approved a slate of financial incentives and government support for Taiwan Semiconductor Manufacturing Co.’s planned $12 billion chip plant, a step toward bringing high-tech manufacturing to the U.S. and addressing national security concerns over the industry supply chain.

The city agreed to provide about $200 million to develop roads, sewers and other infrastructure, according to a notice from the city council. At least one additional traffic light will be included for a cost of approximately $500,000. The company is conducting due diligence on several locations in Phoenix with a final decision to be made later.