TSMC sees revenue increase 35%, signals strong future for Arizona semiconductors
Arizona’s growing role in the global semiconductor industry received another boost this week as Taiwan Semiconductor Manufacturing Company (TSMC) reported powerful financial and revenue results and confirmed continued expansion plans tied to its Arizona operations. The world’s largest contract chipmaker announced first-quarter 2026 revenue of NT$1.13 trillion (about $35.9 billion), representing a 35% increase compared with the same period last year. Net…»
Arizona’s largest proposed data center hub clears hurdle
A prominent Arizona landowner’s plan to turn more than 3,300 acres of vacant desert land in Pinal County into a future data center hub with its own power-generating facilities is moving forward. After a lengthy Q&A session with Pinal County’s Planning and Zoning Committee members at an April 16 meeting, the committee ultimately voted 7-2 to recommend approval for rezoning the site. The applicant and landowner, Vermaland LLC, is calling the…»
Data Centers Fuel Backlog Increase; Confidence Remains High
Associated Builders and Contractors reported its Construction Backlog Indicator rose to 8.6 months in March, according to an ABC member survey conducted March 23 to April 6. The reading is up 0.5 months from February and up 0.1 months from March 2025. The 15% of ABC member contractor respondents under contract to perform work on data centers had significantly longer backlog (10.6 months) than the 85% of contractors who are not…»
Phoenix Hotel Developers Building To Make Up For Lost Time
The Phoenix metro area, which already boasts a robust hotel pipeline, is expected to experience continued growth in this sector through 2026, hospitality development executives said at Bisnow’s Phoenix Hotels, Resorts and Wellness Summit. “This year alone, the hotel industry is going to generate $1.1B in tax revenue” for the metro area, Haleigh Hildebrand, American Hotel and Lodging Association vice president of public affairs, said at the event held…»
How Arizona increased its median household income by more than 60% in about 50 years
A report from the Urban Institute asks a provocative question: Is your state better off now than it was 50 years ago? It looks at median household income across the country, and it turns out that, by that metric at least, Arizona is better off now than it was half a century ago. The median household income here in 1970 was just north of $48,000. In 2023, it was more than $77,000 — a more than 60% increase. That was one of the biggest jumps in the country. Sean Ewen is a research economist…»