By Corina Vanek | Phoenix Business Journal
Taiwan Semiconductor Manufacturing Co. Ltd. bought 1,128 acres of land in north Phoenix at a state land auction Wednesday afternoon on which it intends to build a $12 billion factory, which is projected to create more than 1,600 jobs.
The purchase was made under the entity, TSMC AZ Corp., which was the only bidder in the auction. The land was purchased for $89 million, which was the minimum bid for the land.
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“The future positive impact of this sale on our state economy cannot be overstated – it’s like another Intel was just dropped in our West Valley. This has the potential to be at least in the top three best deals our state has ever made in terms of future growth! What a tremendous day for Arizona.”
Jordan Rose, Rose Law Group Founder and President