07:52 AM EDT, 06/20/2025 (MT Newswires) -- (Updates to add Taiwan Semiconductor Manufacturing's ( TSM ) comment in the fifth paragraph.)

Taiwan Semiconductor Manufacturing ( TSM ) could be a partner in SoftBank Group founder Masayoshi Son's planned $1 trillion industrial complex in Arizona to build robots and artificial intelligence, Bloomberg News reported, citing people familiar with the matter.

Son has pitched the "Project Crystal Land" to Taiwan Semiconductor, the unnamed sources told the news outlet. The park may consist of production lines for AI-powered industrial robots, according to the report.

SoftBank officials have held talks with US federal and state government officials for potential tax breaks for companies building factories or otherwise investing in the industrial park, Bloomberg reported.

SoftBank's proposed project has no bearing on Taiwan Semiconductor's existing plans in Phoenix, according to the report.

Taiwan Semiconductor declined to comment on the matter, while SoftBank and Samsung did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)