SemiConductors
The semiconductor industry is moving to Arizona for a number of reasons, including:
Government Support
The Arizona state government has been very supportive of the semiconductor industry, offering a number of tax breaks and other incentives to attract and retain chipmakers. Right now there is a race between Intel and TSMC to build Chip Fabs as quickly as possible for Southwest Chip manufacturing dominance.
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Skilled workforce: Arizona is home to a number of colleges and universities that produce a steady stream of graduates with the skills needed to work in the semiconductor industry.
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Favorable business climate: Arizona has a favorable business climate, with no state income tax and relatively low corporate taxes.
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Proximity to California: Arizona is located close to California, which is home to a number of major chipmakers and their customers.
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Access to resources: Arizona has access to a number of resources that are important to the semiconductor industry, such as water and electricity.
In addition to these factors, Arizona is also a desirable place to live and work, with a warm climate, beautiful scenery, and a vibrant culture. This can make it easier for chipmakers to attract and retain employees.
Here are some specific examples of chipmakers that are moving to Arizona:
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TSMC: TSMC, the world's largest chipmaker, is building a $12 billion chip factory in Phoenix. The factory is expected to start producing chips in 2024.
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Intel: Intel, the world's second-largest chipmaker, is investing $20 billion to expand its chipmaking operations in Arizona. The company is building two new chip factories in Chandler, Arizona.
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ON Semiconductor: ON Semiconductor, a leading manufacturer of analog semiconductors, is investing $1 billion to expand its chipmaking operations in Chandler, Arizona.
The semiconductor industry is a vital part of the global economy, and the move to Arizona is a positive sign for the state. The chipmakers that are investing in Arizona will create thousands of high-paying jobs and help to boost the state's economy.
Kameron Norwood
Industrial Commercial Agent
Kameron Norwood Cushman Wakefield | PICOR
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