Developers Race To Grab Spots Near TSMC’s Chipmaking Factories
Taiwan Semiconductor Manufacturing Co. is investing $165B to build new chipmaking plants in Phoenix as part of its multiyear plan to become the most advanced semiconductor facility in the U.S.
Ever since TSMC announced the project in 2020, developers have been grabbing industrial sites and nearby land plots in hopes of capitalizing on the planned expansion. That activity is now accelerating.
“The development community in Phoenix is witnessing firsthand the massive uptick in activity across the market,” Josh Tracy, senior vice president of real estate development at Ryan Cos., told Bisnow. “Simply put, TSMC is a colossal economic magnet.”
