Taiwan Semiconductor Manufacturing Co. has purchased more than 1,100 acres of land near Loop 303 and Carefree Highway for a new multi-billion dollar semiconductor manufacturing facility that could eventually employ thousands of people.
With a wave of supply chain production and associated jobs expected, it stands to be a boon to Peoria’s local economy.
Economic Development Director Rick Buss said with the city only a mile-and-a-half away from the facility at its west end, the business will create a new ecosystem in the West Valley brimming with opportunity for Peoria.
