$7 Billion 'City Within a City' Planned For Phoenix

URLhttps://www.newsweek.com/7-billion-city-within-cit
SourceNewsweek
Date Published10/29/2024
Author NameJoe Edwards

Additional Reshoring Information:

Company/Division name TSMC
Parent companyTaiwan Semiconductor Manufacturing Co.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):10000
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Capital investment ($):6500
Country(ies) from which reshored:Taiwan, Province of China
City reshored to:Phoenix
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Impact on domestic economy, Infrastructure, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market
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