A U.S. semiconductor company is scouting multiple sites in Arizona, Texas, California and North Carolina for a project that could have a capital investment of $40 billion or more with 5,000 to 10,000 jobs at full buildout.
Intel’s push to reclaim American dominance in the semiconductor market is a matter of national security, according to a top company executive. “If that semiconductor is being built overseas and potentially in an area with geopolitical risk, that puts the entire supply chain at risk, that creates potential national security issues for us,” Todd Brady, Intel’s vice president of public affairs and sustainability, told Fox News.
In a message he has been repeating all year, Intel CEO Pat Gelsinger emphasized the importance of the domestic semiconductor industry to a crowd of lawmakers and business leaders in Oregon at a crucial time for the company. Intel (Nasdaq: INTC), which is based in Santa Clara, California, has 21,000 employees in Oregon, which is the company’s largest employee concentration and home to the chipmaker’s manufacturing R&D and leading edge manufacturing facility — in the industry called fabs.
Leonardo Electronics US Inc.(LEI), a provider of next-gen technologies for defense, security, medical, and industrial applications and a US subsidiary of Leonardo, today announces plans to expand its regional presence in Oro Valley, Arizona, north of Tucson.
Semiconductors are the nation’s fifth-largest export, accounting for $49 billion in 2020. As the U.S. looks to increase chip production and fulfill its semiconductor needs on its own, Arizona is quickly emerging as a base for the industry’s growth and success. In fact, Arizona has skyrocketed to No. 3 in the nation with 107 semiconductor establishments operating here including Intel, TSMC, Microchip, onsemi, NXP and many others.
One of the Valley’s largest employers is the latest company to embrace a hybrid work model, at least for the foreseeable future. Chipmaker Intel Corp. (Nasdaq: INTC) announced this week it is now a “hybrid-first company,” meaning that it won’t be mandating that all employees be on-site every day. According to a statement from Chief People Officer Christy Pambianchi, 90% of its employees said in a workplace survey they preferred a hybrid workplace once sites reopen.
Onsemi shares took a big leap on Monday as the Valley maker of tiny semiconductor components not only beat Wall Street predictions for its fiscal third quarter but issued bullish guidance for Q4 that was also ahead of analysts’ expectations.
The Arizona Commerce Authority and Taiwan’s Bureau of Foreign Trade, Ministry of Economic Affairs, today committed to partnering on trade and economic development. The partnership, which was outlined in a recently signed Memorandum of Understanding (MOU), aims to support efforts to establish or expand operations and supply chains in Arizona or Taiwan.
TSMC is the latest chapter in Arizona’s ascent to become the place for new semiconductor investments. Across the Valley in Chandler, Intel — whose first Arizona manufacturing facility went online in 1980 — is adding another two fabs to its Ocotillo campus at a cost of $20 billion.
Intel last Friday broke ground on a $20 billion expansion of its facilities in Chandler, Arizona, building two new fabrication plants, or fabs, at its Ocotillo campus. The two new chip factories – which will be known as Fab 52 and Fab 62 – will be operational within three years and will supply semiconductor chips at a time when a global shortage of chips is wreaking havoc on supply chains in nearly all industries, from automobiles to data centers.