Taiwan Semiconductor signs lease for a lot of office space
Before Taiwan Semiconductor Manufacturing Co. builds a massive factory in northwest Phoenix, the company is setting up its operations near Metrocenter.
The semiconductor giant in late December agreed to lease more than 46,000 square feet of office space to serve as an administrative base at the two-building Canyon Corporate Plaza, without providing further details such as the number of employees to be located there.
Taiwan Semiconductor is occupying two floors starting this month at the office complex, located at 2510 W. Dunlap Ave. just east of Interstate 17. The facility is owned by ViaWest Group and is 15 miles from the planned $12 billion manufacturing center near the northwest corner of Loop 303 and 43rd Avenue. JLL represented ViaWest in lease negotiations.
Earlier in December, Taiwan Semiconductor bought 1,129 acres to build the $12 billion factory, joining a number of other semiconductor makers with operations in metro Phoenix including Intel, Microchip Technology, ON Semiconductor and NXP Semiconductors. Taiwan Semiconductor bid $89 million for the mostly undeveloped land at a state auction.
The company is the world’s largest dedicated or contract producer of silicon chips, with annual revenue approaching $1.3 trillion and more than 50,000 global employees.
The Taiwan Semiconductor facility could result in 1,900 jobs in Phoenix within a few years. Phoenix is still working to finalize a development agreement, and various other hurdles also must be overcome before the project is finalized.
Still, groundbreaking is planned for this year and semiconductor production anticipated to begin by 2024.