Trending...
- Mesa: Dobson Ranch Library Remodel Unveiled in Ribbon-Cutting Ceremony
- Arizona: Governor Katie Hobbs Establishes Educator Retention Task Force
- Retired OC Police Officer Launches Caregiver Consulting Company
Historic funding increases Arizona competitiveness for additional public, private investment
PHOENIX – Governor Doug Ducey announced today a historic $100 million investment in Arizona's fast-growing semiconductor industry to spur greater growth in a critical sector of the state's economy.
"Arizona has earned a place as one of the world's leading destinations for chip design, manufacturing and innovation," said 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."
Arizona has grown into a premier semiconductor destination. Today's consequential funding capitalizes on that momentum, aiming to establish a world-class public-private partnership focused on the development and manufacturing of next-generation semiconductor technologies.
More on The Arizonar
The funding will be managed by the Arizona Commerce Authority to further enhance Arizona's semiconductor infrastructure, workforce, and research capabilities. In addition, it will help maximize the state's competitive position for research and development opportunities under the CHIPS Act while spurring additional private sector investment.
"Under Governor Ducey's leadership, Arizona's economy has experienced unprecedented diversification and high-tech growth," said Sandra Watson, President and CEO of the Arizona Commerce Authority. "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."
Passage of the CHIPS Act earlier this year catalyzed unique opportunities for the U.S. to attract and grow private sector investments in semiconductor equipment and materials, design, manufacturing, advanced packaging and cutting-edge research.
More on The Arizonar
Arizona's new investment seeks to capitalize on these opportunities and will focus on the accelerated development, commercialization and manufacturing of next-generation U.S. semiconductor-based technologies while working alongside industry partners to identify and address research infrastructure and workforce needs.
Recently, Forbes labeled Arizona "Semiconductor Central" following a string of high-profile semiconductor wins. Intel announced in March 2021 a $20 billion investment to build two additional fabs in the state, creating 3,000 jobs. Taiwan Semiconductor Manufacturing Company (TSMC) announced in May 2020 an investment of $12 billion to build a new fab in Phoenix, creating 2,000 jobs.
Arizona also has helped convene multi-state conversations around the U.S. semiconductor environment through the advancement of the National Semiconductor Economic Roadmap. The coalition, which has plans to publish a final roadmap in the coming weeks, is led by industry and includes active participation from academia and other states.
PHOENIX – Governor Doug Ducey announced today a historic $100 million investment in Arizona's fast-growing semiconductor industry to spur greater growth in a critical sector of the state's economy.
"Arizona has earned a place as one of the world's leading destinations for chip design, manufacturing and innovation," said 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."
Arizona has grown into a premier semiconductor destination. Today's consequential funding capitalizes on that momentum, aiming to establish a world-class public-private partnership focused on the development and manufacturing of next-generation semiconductor technologies.
More on The Arizonar
- University of Phoenix Office of Educational Equity honored by 2023 UPCEA Leadership In Diversity and Inclusive Excellence Award
- IISE announces leadership election results
- Hookahville 56 Lineup Announcement
- PopCorners® First Super Bowl Campaign Reimagines "Breaking Bad" TV Series to Break Into Something Good™ - the Wholesome Snacking Business
- Climate Institute Signs Agreement with Swiss-Based 2000-Watt Smart Cities Association to Promote New Climate Change Programs in the United States
The funding will be managed by the Arizona Commerce Authority to further enhance Arizona's semiconductor infrastructure, workforce, and research capabilities. In addition, it will help maximize the state's competitive position for research and development opportunities under the CHIPS Act while spurring additional private sector investment.
"Under Governor Ducey's leadership, Arizona's economy has experienced unprecedented diversification and high-tech growth," said Sandra Watson, President and CEO of the Arizona Commerce Authority. "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."
Passage of the CHIPS Act earlier this year catalyzed unique opportunities for the U.S. to attract and grow private sector investments in semiconductor equipment and materials, design, manufacturing, advanced packaging and cutting-edge research.
More on The Arizonar
- Wildflower Bee Farm publishes new book "What Grandpa Learned from His Honeybees"
- Align Technology Announces $250 Million Accelerated Stock Repurchase Agreement
- Rosann Santos Discusses The Need For More Bias And Sensitivity Training in The NBA
- Calvetta Phair, CEO of America's Workforce Solution, LLC, Charitable Partner - 'The On It Foundation' Qualify to Distribute Google Career Certificates
- Veterans for Trump endorsement of MS Senator Chris McDaniel for Lieutenant Governor
Arizona's new investment seeks to capitalize on these opportunities and will focus on the accelerated development, commercialization and manufacturing of next-generation U.S. semiconductor-based technologies while working alongside industry partners to identify and address research infrastructure and workforce needs.
Recently, Forbes labeled Arizona "Semiconductor Central" following a string of high-profile semiconductor wins. Intel announced in March 2021 a $20 billion investment to build two additional fabs in the state, creating 3,000 jobs. Taiwan Semiconductor Manufacturing Company (TSMC) announced in May 2020 an investment of $12 billion to build a new fab in Phoenix, creating 2,000 jobs.
Arizona also has helped convene multi-state conversations around the U.S. semiconductor environment through the advancement of the National Semiconductor Economic Roadmap. The coalition, which has plans to publish a final roadmap in the coming weeks, is led by industry and includes active participation from academia and other states.
0 Comments
Latest on The Arizonar
- Fundamental Income Surpasses $1 Billion in Assets
- New Book Launches to Bestseller Status--Answers the Question "Why Is It So Hard to Find Quality Workers?"
- Mesa: Dobson Ranch Library Remodel Unveiled in Ribbon-Cutting Ceremony
- Mesa Calls On Residents to Imagine Tomorrow's Mesa
- University of Phoenix Collaborates with Military Police Regimental Association to Provide Full-Tuition Scholarship
- Mesa: Line of Duty Death Memorial Service
- Cascade Asset Management Recognized in 2023 Gartner® Market Guide for IT Asset Disposition Report
- Retired OC Police Officer Launches Caregiver Consulting Company
- Ruben Gallego seizes the high ground in the Arizona Senate race, while Kyrsten Sinema is sinking
- Technology to protect technology — TenCate Advanced Armor USA offers armored optronics casings in the United States
- The Anderson Periodontal Wellness Office Now Uses Zirconia Dental Implants to Restore Smiles!
- Beyond X Chibi Labs Unveil Gravitale
- The Joint's Annual "Love The Joint" Giveaway Returns to Give the Gift of Free Chiropractic
- Paramount Completes Acquisition of First National ATM
- ASI Welcomes New Chief Revenue Officer and Chief Operating Officer
- SmartRent Enables Self-Guided Tour Scheduling Within Apartment Listings
- UMe Celebrates Songwriter PAUL JABARA's Birthday With Newly Remastered Version of Casablanca 's Paul Jabara's Greatest Hits…and Misses
- Fintech Startup BeFiSc Launches AI/ML Powered KYC Solutions Beyond Financial Scores
- Carlisle Companies Declares Regular Quarterly Dividend
- Bob Holz New Video with Darryl Jones of the Rolling Stones, Concert, Album and Endorsement