Business Growth

TSMC gives insight into Arizona factory to compete for federal chips funding

November 23, 2022

Taiwan Semiconductor Manufacturing Co. is vying for federal funds by highlighting its work globally and its current and future operations at its planned Phoenix factory. In response to the U.S. Department of Commerce request for information on the implementation of the CHIPS incentives program, TSMC said that the CHIPS Program Office should prioritize grant applicants that have a “long successful track record in advanced logic fabrication, R&D and existing sizable headcount that offers decisive proof points that the incentives provided will lead to a successful investment result.”

Manufacturing co. boosts Arizona economy with opening of optical production facility and new headquarters

November 22, 2022

Viavi Solutions Inc. announced it has opened its new production facility in Chandler, Arizona. The company has added to U.S. manufacturing capacity as it has grown its presence in the state, including the move of its global headquarters. Since preparations to move its global headquarters from California began in 2021, the company has already made significant contributions to the business and technology community.

Tucson startup Phantom Space heralds milestone with successful rocket engine test

November 21, 2022

Tucson-based space rocket maker Phantom Space says it has reached a major milestone in its development with a successful test of its signature rocket system. Using a single Hadley thrust engine from Colorado company Ursa Major Technologies, the Arizona startup’s 60-second hot-fire test on Nov. 14 at Spaceport America in New Mexico validated elements of the first and second stages — together called the pathfinder stage — for the company’s Daytona Launch system. A hot-fire test is the final systems test and first launch of a flight stage.

Axon stock surges after company reports Q3 revenue gains

November 18, 2022

Scottsdale-based Axon Enterprise Inc., a maker of equipment and systems for law enforcement agencies, saw its shares surge Wednesday after reporting record revenue for the third quarter, beating analysts’ earnings estimates and forecasting continued momentum. Axon (Nasdaq:AXON) said its revenue was $312 million for Q3, which was 34.5% above the same period last year. Adjusted earnings were 60 cents per share, well over the consensus estimate of 49 cents.

Semiconductor giant could be planning another $12B investment in Phoenix, reports say

November 17, 2022

A Wall Street Journal report said Wednesday that chip giant Taiwan Semiconductor Manufacturing Co. could be planning a multibillion-dollar expansion in Phoenix in addition to what’s it’s already planning to build. TSMC plans to announce in the coming months that it will build a “cutting-edge” semiconductor factory, or fab, north of Phoenix, according to people who spoke with the Wall Street Journal and are familiar with the expansion plans.

Nikola partners to accelerate charging infrastructure solutions

November 17, 2022

Nikola Corporation, a global leader in zero-emissions transportation and energy supply and infrastructure solutions, and ChargePoint Holdings, Inc., a leading electric vehicle (EV) charging network, today announced a partnership to accelerate the deployment of electric vehicle charging infrastructure for fleets across the U.S. The collaboration will enable Nikola and the Nikola Sales and Service Dealer Network to resell ChargePoint’s comprehensive portfolio of charging infrastructure and software solutions to its fleet customers, ensuring a solid technology interface and integrated sales approach between the two companies.

Qwick unveils all-new brand celebrating the hospitality industry

November 15, 2022

Qwick, the technology-enabled leader in staffing for hospitality businesses and freelancers, revealed today its completely revamped, industry-centered brand. Exclusively operating in the hospitality industry, the staffing-as-a-service innovator’s rebrand now aligns Qwick’s look and style with an authentic hospitality experience.

Staffing-as-a-service innovator Qwick raises $40 million in series B financing

November 2, 2022

Qwick, the leading on-demand staffing platform for hospitality businesses and professionals, has closed its $40 million Series B investment. The round was led by Tritium Partners, with participation by current investors Album VC, Kickstart, Desert Angels, and Revolution’s Rise of the Rest Seed Fund.

Intel’s Mobileye jumps nearly 38% after target-topping IPO

November 1, 2022

Shares of Mobileye Global Inc. rose by nearly 38% in its return to Wall Street on Wednesday after raising $861 million in an initial public offering that topped its price targets. In one of the biggest IPOs of the year, Intel Corp.’s self-driving technology unit sold 41 million shares at $21 a piece. Mobileye shares rose as high as $29.85 a piece in before closing at $28.907 on Wednesday.

Lectric eBikes announces new XP 3.0 model, next step in becoming greatest urban transportation solution ever

November 1, 2022

Lectric eBikes, the brand behind the country’s best-selling e-bike model and third best-selling electric vehicle, has introduced the newest iteration of the award-winning flagship XPTM Model: The XPTM 3.0. Taking utility to the next level, the XPTM 3.0 marks the industry’s first foldable e-bike with dual-rider capability, debuting at Lectric’s industry-shattering $999 price point. The XPTM 3.0 is now available at LectriceBikes.com.

Business Growth

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