Why it matters: Much of the Valley's hopes and dreams for high-wage job growth are staked on the long-term success of TSMC's U.S. manufacturing center in north Phoenix.
The latest: The company posted nearly $36 billion in first-quarter revenue, a 40.6% year-over-year increase, chair and CEO CC Wei announced on an earnings call yesterday.
AI demand is driving the company's wild growth, and Wei said TSMC's customers don't anticipate it tapering off anytime soon.
Zoom in: Wei also confirmed that the company's second Phoenix fabrication plant is still on track to open next year.
The bottom line: Halo Vista — the 2,300-acre "city within a city" development that broke ground this week and promises to bring housing and a technology hub to support TSMC — can't come soon enough.
