Chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) announced on Tuesday they will strengthen their Arizona presence and the state’s economy with plans to build a second facility in the state and increase their investment to $40 billion.

TSMC is currently building their multibillion dollar plant in north Phoenix near Interstate 17 and Loop 303, which is expected to open in 2024.

The second site will be built nearby and will an additional $28 billion to TSMC’s investments in Arizona.

TSMC’s second plant is scheduled to begin production of 3nm process technology in 2026. The overall investment for these two plants will be approximately $40 billion, representing the largest foreign direct investment in Arizona history and one of the largest foreign direct investments in the history of the United States.

In addition to the over 10,000 construction workers who helped with construction of the site, TSMC Arizona’s two locations are expected to create an additional 10,000 high-paying high-tech jobs, including 4,500 direct TSMC jobs.

In line with TSMC’s commitment to green manufacturing, it was also revealed that TSMC Arizona is in the planning stages for an on-site Industrial Water Reclamation Plant that when finished, will allow the TSMC Arizona site to achieve near zero liquid discharge.

“When complete, TSMC Arizona aims be the greenest semiconductor manufacturing facility in the United States producing the most advanced semiconductor process technology in the country, enabling next generation high-performance and low-power computing products for years to come,” said TSMC Chairman Dr. Mark Liu. “We are thankful for the continual collaboration that has brought us here and are pleased to work with our partners in the United States to serve as a base for semiconductor innovation.”