Arizona’s $100 Million Push into Semiconductor Industry
Arizona is making significant strides in the semiconductor industry, marked by a notable $100 million investment aimed at amplifying growth in this crucial sector. Announced today by Governor Doug Ducey, this funding underscores Arizona’s commitment to solidifying its position as a global leader in chip design and manufacturing.
Arizona has earned a place as one of the world’s leading destinations for chip design, manufacturing and innovation,
stated Governor Ducey. With historic opportunities before us, this funding ensures we make the most of this moment and cement our semiconductor leadership for decades to come. My thanks to all our partners in the private sector and higher education for their commitment to expanding our high-tech economy.
This investment will be overseen by the Arizona Commerce Authority, aiming to bolster the state’s semiconductor infrastructure, workforce, and research capabilities. It also positions Arizona to compete effectively for opportunities under the CHIPS Act and attract further private sector investment.
Sandra Watson, President and CEO of the Arizona Commerce Authority, remarked, Under Governor Ducey’s leadership, Arizona’s economy has experienced unprecedented diversification and high-tech growth. By investing in our advanced manufacturing workforce and core research capabilities, this funding promises to take that transformation even further. I am grateful to Governor Ducey for his visionary leadership and for making this historic investment in our semiconductor ecosystem.
The CHIPS Act, enacted earlier this year, has paved the way for the U.S. to enhance its semiconductor capabilities, encouraging investments in equipment, materials, and cutting-edge research. Arizona’s new funding seeks to seize these opportunities by accelerating the development and commercialization of advanced semiconductor technologies.
In recent years, Arizona has garnered attention as a semiconductor hub. Forbes referred to the state as “Semiconductor Central,” highlighting major investments like Intel’s $20 billion plan to build two additional fabs and Taiwan Semiconductor Manufacturing Company’s (TSMC) $12 billion investment for a new fab in Phoenix.
Furthermore, Arizona has played a pivotal role in fostering discussions about the U.S. semiconductor landscape through initiatives such as the National Semiconductor Economic Roadmap. This coalition, with contributions from academia and various states, is set to publish a comprehensive roadmap soon.
Media Contact
Alyssa Tufts, Arizona Commerce Authority, [email protected]
About the Arizona Commerce Authority
The Arizona Commerce Authority (ACA) is the state’s premier economic development organization, dedicated to enhancing Arizona’s economy. The ACA focuses on attracting new businesses, expanding existing ones, and fostering entrepreneurship in key industries. For more information, visit azcommerce.com and follow @azcommerce on Twitter.
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