TSMC Announces $100 Billion Investment: Why Preparing Arizona’s Skilled Workforce Is Critical
Arizona has just secured a historic victory with Taiwan Semiconductor Manufacturing (TSMC’s) massive $100 billion investment in the Phoenix area. This investment, which adds to the company’s $65 billion commitment, will fund the construction of three semiconductor fabrication plants, advanced packaging facilities, and a research and development center. The expansion is expected to create tens of thousands of high-tech, high-paying jobs, positioning Arizona as a leader in the global semiconductor industry.
The jobs created at TSMC will require highly skilled workers, ranging from engineers to technicians, researchers, and advanced manufacturing specialists. These are the types of high-wage positions that can transform the Arizona economy and provide meaningful opportunities for residents.
But here’s the challenge:
We need a highly educated workforce to fill these roles. Without a strong pipeline of educated, qualified workers, these jobs could go to talent from outside Arizona. To ensure that Arizona’s workers—not out-of-state talent—take advantage of these opportunities, we must focus on building a workforce with the right skills and credentials.
We must meet the Achieve60AZ goal of having 60% of Arizonans with a postsecondary credential by 2030. Our state’s attainment goal is not just an education target—it’s an urgent workforce necessity. Action is needed in order to move Arizona’s workforce forward.
The stakes are high:
Arizona stands to gain billions in economic growth if we invest in education now. The connection between education and economic opportunity is clearer than ever. A skilled workforce is the foundation of a thriving economy. By meeting our state’s attainment goal, we can ensure Arizonans are ready to fill the high-skill jobs created by TSMC and other employers bringing their investments to our state.
Learn more: https://everythingtogain.org/