Kelly Celebrates TSMC’s $100 Billion Investment in U.S. Manufacturing
Today, Arizona Senator and lead negotiator of the CHIPS and Science Act Mark Kelly released the following statement after TSMC announced a $100 billion investment in chip-manufacturing plants in Arizona:
“This is huge news for Arizona that officially cements our state as a global hub for building the most advanced microchips in the world, and will put tens of thousands of Arizonans to work in good-paying jobs that do not require a 4-year degree.
“Today’s announcement builds on years of bipartisan collaboration between Arizona’s federal, state, and local leaders and our economic development teams to make our state the best place in the country to build these one-of-a-kind facilities. By boosting domestic microchip development and production, we’re reducing reliance on foreign supply chains and making sure America leads the way in the industries of the future.”
Background:
Kelly worked for nearly two years to negotiate and champion the CHIPS and Science Act, which includes Kelly’s $52 billion plan to boost domestic microchip manufacturing. This includes a 25% tax credit for investments that companies make in American chip manufacturing before the end of 2026, including the investments TSMC announced today. Thanks to Kelly’s leadership, Arizona is well positioned to become a global hub for microelectronics research, development, testing, manufacturing, and packaging. Since the passage of the CHIPS and Science Act, more than $102 billion in private investment from more than 40 semiconductor industry projects have been announced in Arizona.
In August of 2023, Kelly traveled to Taiwan where he met with top executives across multiple industries, toured TSMC’s facilities, and joined for the signing of an agreement between GPEC and Startup Island Taiwan that creates a pathway to help Taiwanese startups expand operations into Arizona.
Last year, Kelly’s bipartisan Building Chips in America Act, which will streamline federal permitting processes for microchip manufacturing projects while maintaining bedrock protections for clean air and clean water, was signed into law.
Kelly continues to work with TSMC and labor groups to ensure that Arizona workers benefit from the good paying jobs created by the company’s investments in the State. He supported the agreement between TSMC Arizona and union officials representing construction workers, making sure that workplace standards prioritize training, safety, and fair employment practices. This agreement helps ensure that Arizona’s skilled workforce plays a key role in building and operating TSMC’s advanced semiconductor facilities, creating long-term opportunities for local workers while strengthening the state’s leadership in manufacturing and innovation.
