Manufacturing

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.

Apple to buy chips from Arizona semiconductor plant, report says

November 21, 2022

Apple Inc. plans to buy chips from an Arizona semiconductor plant that expects to begin operations in 2024, Bloomberg News reported. Tim Cook, CEO of the tech giant, seemed to refer to the Taiwan Semiconductor Manufacturing Co. fab that’s under construction in north Phoenix when he made the remarks during internal meetings in Germany, Bloomberg reported.

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.

Arizona allocates $100 million to boost semiconductor industry in state

November 16, 2022

The state of Arizona announced on Friday that it plans to invest $100 million to support the growth of the state’s semiconductor industry. The $100 million investment will go towards building a public-private partnership focused on building out Arizona’s infrastructure, workforce and research and development for semiconductors, the state said.

Yield Engineering Systems partners with Benchmark for global engineering and manufacturing support

October 7, 2022

Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced it is partnering with Yield Engineering Systems (YES) to transfer the manufacturing of the YES flagship product line to its facility in Malaysia, as well as providing engineering and manufacturing support for YES’s upcoming innovative modular wet process systems in the Phoenix, Arizona area.

Raytheon, Northrop Grumman awarded hypersonic missile contract worth nearly $1B

September 26, 2022

A partnership between Raytheon’s Missiles & Defense division and Northrop Grumman has been awarded a nearly $1 billion contract to develop the Hypersonic Attack Cruise Missile (HACM) for the U.S. Air Force. The air-launched HACM will be the first of its kind, and the $985.34 million contract calls for the two companies to design, develop and deliver the missile by March 2027. The project is part of a joint initiative between the U.S. and Australia called the Southern Cross Integrated Flight Research Experiment, or SCIFiRE.

Atlis Motor Vehicles gains conditional approval for Nasdaq listing

September 15, 2022

Atlis Motor Vehicles, an electric vehicle startup based in Mesa, said Tuesday that it had gained conditional approval from the Nasdaq Stock Market to list its shares, but public financial documents show that company still faces several hurdles before reaching production. AMV, which was founded in 2016, is still years away from putting one of its electric trucks on the road, according to a filing with the Securities and Exchange Commission dated August 26.

Intel, semiconductor industry celebrate as Biden signs CHIPS Act into law

August 15, 2022

President Joe Biden signed the CHIPS and Science Act on Tuesday, cementing historic investment into domestic semiconductor manufacturing. The legislation is backed by industry including one of Arizona’s largest private employers, Intel Corp., which is expanding its largest chip manufacturing plant, or fab, in Chandler. The company (Nasdaq: INTC) has more than 12,000 employees in Arizona, and plans to increase that number by 3,000 when the expansion is complete.

Nikola beats expectations after delivering 48 trucks in Q2

August 9, 2022

Nikola, the Phoenix-based vehicle maker, announced its first significant revenue on Thursday after selling 48 electric trucks during the second quarter. Nikola Corp. (Nasdaq: NKLA) reported revenue of $18.1 million for the quarter ended June 30, ahead of the Wall Street expectation of $16.46 million. The company also reported a net loss per share of 25 cents, again outpacing analyst expectations of a 28 cent loss.

Tucson-based Universal Avionics gets $33M contract to help supply head-worn vision systems for pilots

July 26, 2022

Universal Avionics Systems Corp., a Tucson-based manufacturer of systems for commercial aircraft, has been awarded a $33 million contract to supply enhanced flight vision systems that can be worn by pilots. The company won the contract from AerSale (Nasdaq: ASLE), a Florida-based company that provides integrated aftermarket services and products for airlines operating jets from Boeing, Airbus and McDonell Douglas.

Manufacturing

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