Arizona wants Taiwan’s investors to think beyond chips
As Arizona’s economic fortunes have become increasingly tied to TSMC and its chip supply chain, it’s been keen to diversify the roster of investors beyond tech companies.
In July, a packed conference room in Taipei was filled with nearly 100 attendees, as Steve Hsu, head of the Arizona Commerce Authority's Taiwan office, highlighted Phoenix as a prime real estate opportunity. The city, undergoing a significant economic transformation dubbed the "TSMC effect," now serves as the largest single foreign investment project in U.S. history, thanks to Taiwan Semiconductor Manufacturing Company (TSMC).
TSMC, the leading chipmaker, plans to construct fabrication plants in Arizona, representing a staggering $265 billion investment across 12 facilities. Hsu urged Taiwanese property developers and family offices to invest in the necessary support infrastructure, such as warehouses, logistics centers, hotels, and commercial buildings, emphasizing that this is an opportunity for all industries.
TSMC's expansion is fueled by tariffs and U.S. efforts to reshore semiconductor manufacturing, with the company adding $100 billion to its Arizona plans earlier in July. This has led to a surge in trade between the two nations, with Taiwan becoming Arizona's second-largest trading partner by volume in 2025, though still ranked as the top trading partner by value.
During the event, several venture capital and family office representatives expressed interest in participating in investment delegation trips to Arizona. However, some attendees, like the CFO of a Taiwanese real estate company whose son studies in Arizona, expressed a more personal interest in understanding the future opportunities for Taiwanese individuals living in the U.S.
Written by urgent.news from Rest of World Tech's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
