
AI-generated summary
TSMC invested US$265 billion in Phoenix, USA, driving an increase in Taiwanese immigrants. Phoenix and Taipei became sister cities in 1979, and the economic and trade volume between Arizona and Taiwan has grown significantly in recent years.
First submission 09-29 22:05
Update time 09-30 06:46
About 15 minutes south of TSMC's Phoenix campus is CactiFlower Restaurant, a restaurant specializing in Taiwanese home-cooked cuisine. The owner is Elizabeth Heubusch. (Taken from the Internet)
[Financial Channel/Comprehensive Report] TSMC has invested a record US$265 billion in the United States. In order to support TSMC’s rapid expansion in northern Phoenix, many people have moved from Taiwan to Arizona. US media kjzz Phoenix reported how restaurant owners from Taiwan gave authentic Taiwanese food a "soft landing" and relieved the life pressure of TSMC employees. The connection between Taiwan and Phoenix dates back to 1979; the mayor of Phoenix and the Arizona senator also pointed out the importance of TSMC's investment and production to the United States and the world.
In 2020, TSMC invested US$12 billion in its first round, and a factory located at the intersection of Interstate 17 and Ring Road 303 has been put into operation. Now, TSMC plans to build a total of 12 facilities for manufacturing, advanced packaging and research and development. About 15 minutes south of the TSMC campus is CactiFlower Restaurant, a restaurant that specializes in Taiwanese home-cooked food.
Please read on...
The owner, Elizabeth Heubusch, took reporters into the kitchen and watched her make a dish called braised pork rice. The dish is made with pork belly on top of rice, and she adds a fried egg and some nori on the side.
Elizabeth said: "The uncompromising Taiwanese food makes people feel at home when they taste it. From the presentation to the appearance and smell, everything is a complete experience for us." "Sometimes they come after get off work and say, 'I just want a taste of home. I had a bad day,'" she said.
Elizabeth spent most of her childhood in Taiwan. Now she lives in Phoenix, where she is working to grow her business to meet the needs of the city's growing Taiwanese-American population. She hopes to provide a cultural soft landing for immigrants from Taiwan.
Elizabeth said she hopes her restaurant can serve as a cultural bridge between Taiwanese and Americans as more Taiwanese gain new opportunities in Phoenix.
Additionally, developers are working to meet growing community needs. Halo Vista is a proposed 2,300-acre development adjacent to the TSMC campus that will include residential, dining and shopping.
This summer, the Taiwanese government announced plans to open a cultural and economic office in Phoenix to provide consular services to Taiwanese citizens in Arizona.
TSMC may have been the catalyst for growing ties between Arizona and Taiwan, but Phoenix Mayor Kate Gallego said the ties between the two governments go back decades. Taipei, the capital of Taiwan, and Phoenix became sister cities in 1979.
In the 1970s, Arizona showed early interest in Taiwan's booming industrial sector. At the same time, Gallego said Arizona also hopes to loosen its ties with China.
Arizona Department of Commerce Secretary Sandra Watson said leaders are once again looking to Taiwan as the state seeks to diversify its economy after the 2008 housing crisis. Watson said she first visited TSMC in 2013 as part of the state's efforts to boost its semiconductor manufacturing capabilities.
Since then, the economic and geopolitical value of the computer chips produced by TSMC has grown. Watson said that in the past three years alone, trade between Taiwan and Arizona has jumped from $3 billion to more than $21 billion. "So, in a very short period of time, we've seen a significant increase in the number of these transactions," Watson said.
Artificial intelligence is currently a major driver of economic growth in the United States, and technology companies have invested billions of dollars in artificial intelligence infrastructure. Arizona Senator Mark Kelly said this makes access to TSMC chips more important than ever. "If we lose the supply of TSMC semiconductor chips in Taiwan, it is estimated that we could lose 10% of our gross domestic product (GDP) within one or two years," Kelly said.
Kelly sponsored the Chip and Science Act, a bill designed to provide funding to support domestic computer chip production. He said it was a matter of national security as China has stepped up military pressure on Taiwan.
Grasp the economic pulse with one hand. Click here to subscribe to Free Finance Youtube channel
AI outlook — possibilities, not facts
TSMC will continue to expand facility construction in Phoenix, driving more Taiwan-related industries and services to be established.
Likely · Within years
Economic and trade cooperation between Arizona and Taiwan will continue to deepen, especially in the fields of semiconductors and technology.
Likely · Within years

CCTV News reported that the three major operators have suspended the financial installment purchase business since September 24 due to the long-standing problem of using "free mobile phones" as bait but actually bundling consumer loans, resulting in consumer information asymmetry and difficulty in safeguarding rights. This move is intended to standardize marketing behavior and protect the rights and interests of old users.

Data from the French National Institute of Statistics and Economics show that as of the end of the second quarter of this year, France’s total public debt rose to 3.5955 billion euros, accounting for 119% of GDP, setting a new high in recent years. Debt increased by 59.6 billion euros in the second quarter of this year. French officials believe that the rising debt ratio is mainly due to the public fiscal deficit, and next year's deficit target of 5% of GDP has been unable to be achieved due to the economic downturn, which is far higher than the EU's 3% upper limit. The French government plans to borrow 340 billion euros next year to support government spending and repay maturing debt, an increase of about 28 billion euros from this year. Public opinion generally believes that the government is facing huge pressure to cut expenditures. Prime Minister Le Corny's proposed 54 billion euros savings plan may affect the salaries of public employees, causing dissatisfaction. The French public sector held strikes and demonstrations on the 29th to oppose austerity policies. The Ministry of the Interior said that about 200,000 people participated in the demonstration that day.

Egg prices in China have risen significantly recently, with the national average price reaching 11.83 yuan/kg in the third week of September, a year-on-year increase of 28.2%. The price increase is mainly driven by production capacity reduction on the supply side, rising feed costs, and increased demand for Mid-Autumn Festival and National Day stockings on the consumer side. Despite rising prices, eggs are still in urgent demand and have limited impact on daily consumption. The market is expected to see a seasonal correction after the holidays.

The Ministry of Finance, the People's Bank of China, and the State Administration of Financial Supervision jointly issued a notice to implement an interest discount policy for residential home purchase loans nationwide starting from October 1, 2026. An annual discount of 1 percentage point will be provided to eligible first-time commercial personal housing loans. The policy period is tentatively set for one year, and the maximum interest cost can be reduced by nearly 50,000 yuan.

Data released by the Brazilian Institute of Geography and Statistics show that Brazil’s unemployment rate dropped to 5.3% from June to August this year, lower than the previous period and the same period last year, and the lowest level in the same period since statistics were collected in 2012. As of August, the employed population reached 103.5 million, with an average monthly income of 3,777 reais. There were a net increase of 165,800 formal jobs in August. Experts pointed out that the resilience of the labor market continues.

Ford restricts the import of Chinese vehicles in the U.S. market, but it jointly produces cars with China's Geely in Europe, and cooperates with CATL and BYD to purchase battery technology. This highlights its contradictory strategy of both guarding against China and relying on Chinese technology in the global market, triggering policy differences within the U.S. government and internal competition among Detroit automakers.