Forgive my ignorance, but wouldn't you want to build a semiconductor fabrication factory somewhere cold? Or is it because Arizona is dry? (honest questions, I don't know what impacts the location of a fab)
You don’t need a large constant source of water. It’s a bit like filling a very large swimming pool. They also already have plants down there and it works for them because AZ is surprisingly shielded from natural disasters. Also they can utilize solar power down there.
AZ suffers from heat waves, which are steadily getting worse over time. Last year in a heat wave Phoenix saw several days above 115F. A 115F heatwave is a natural disaster mitigated by air conditioning. Hopefully a heat wave doesn’t coincide with a 2020 Texas sized electrical blackout.
This isn’t a massive problem now, but imagine how bad AZ heat waves will be by the end of his factories life.