TSMC's establishment of a factory in the United States has attracted global attention, and U.S. President Joe Biden also personally attended the TSMC move-in ceremony in Phoenix, Arizona.

(Reuters file photo)

[Financial Channel/Comprehensive Report] TSMC's establishment of a factory in the United States has attracted global attention. Danny Seiden, chairman and CEO of the Arizona Chamber of Commerce and Industry, told the media that the arrival of TSMC has added a sixth "C" to our economy, which is chips. (chip).

Arizona has long been known for copper, cattle, cotton, citrus and climate, however, the current economy has changed dramatically.

Seiden mentioned that TSMC's investment is important to everything, because everything from the refrigerator, the contents of the car or cell phone, to the equipment components of defense and national security, all of which are in Arizona.

"It's an amazing thing for our future that the entire supply chain is in Arizona," he said.

Large-scale investments by TSMC and Intel have made Arizona the "premier state for semiconductors."

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With TSMC committing $40 billion to build two chip manufacturing plants north of Phoenix and Intel spending $20 billion to expand chip manufacturing capacity in Chandler, both companies are building a long-term semiconductor ecosystem and offering High-paying and high-skilled jobs.

In the short term, building the factory will require tens of thousands of construction workers to build TSMC buildings and housing for 4,500 future employees, Seiden said.

Between 13,000 and 15,000 jobs would be released on the supplier side alone, including small businesses that produce chemicals, manufacturing materials and packaging materials.

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