Member News October 2024 Archives - Arizona Technology Council

Axon confident in long-term vision for Scottsdale HQ

Phoenix Business Journal When CEO Rick Smith said Axon Enterprise Inc. was exploring markets outside of Scottsdale for the company’s long-term headquarters, he was prepared for contingencies. But the company, which makes Taser guns and other products for the law enforcement industry, ultimately decided to press ahead and revamp its plans to try and make it work in the Valley. “...

New Phoenix Technology District at TSMC Announced, Mixed-Use Development to Be a Science and Innovation Hub

inBusiness PHX Mack Real Estate Group and McCourt Partners have announced the name of their 2,300+ acre mixed-used, master-planned development in Phoenix’s North Valley: Halo Vista. Located immediately adjacent to Taiwan Semiconductor Manufacturing Corporation’s (TSMC) $65 billion semiconductor fabrication campus, Halo Vista is positioned to become a hub for science and innovation,...

Claro Enterprise Solutions Unveils a Unified Security Solution for Modern Workplace Collaboration

PR Newswire Claro Enterprise Solutions, a single-source technology provider for growing organizations, announced the launch of its Collaboration Security Management solution in the inaugural session of its virtual summit “Shaping the Cyber-Physical Future: Trends, Challenges, and Opportunities for 2025.” This comprehensive service addresses critical security challenges rel...

Raytheon to work on upgraded anti-armor weapons under new deals

Phoenix Business Journal A pair of contracts worth $676 million calls on Raytheon’s missile-building operation in Tucson to continue its work on the tube-launched, optically tracked, wireless-guided — or TOW — weapon system for the U.S. Army. The deals include a $430 million annual production contract for fiscal year 2023 and another award for 2024 worth $246 million, according to...

Arizona State selected to support US military’s ‘irregular warfare’ center

Phoenix Business Journal Arizona State University has been selected to lead a national consortium supporting the U.S. Department of Defense‘s Irregular Warfare Center (IWC), located in the nation’s capital. ASU role will be to provide academic research support to deepen the DOD’s understanding of global trends in nontraditional warfare. Irregular warfare refers to a ...

SRP contributes $100K over 5 years to Tempe conservation projects

Daily Independent Salt River Project is providing financial support to two Tempe programs designed to conserve water. The utility recently announced a $10,000 annual contribution – $50,000 over five years – to support the city’s non-residential landscape conversion program and a similar contribution for Tempe’s cooling tower rebate program for non-residential customers. The l...

Why Amazon opened three large warehouses in Phoenix market & ramps up Arizona hiring

Phoenix Business Journal A thundering roar of jets accompanied the opening of Amazon‘s newest warehouse on Oct. 23 in metro Phoenix, just minutes away from Luke Air Force Base in the Glendale area. The 1 million square-foot building, located at 15301 W. Northern Ave., is one of three that opened this fall in the West Valley to bolster Amazon.com Inc.’s (Nasdaq: AMZN) expandin...

Honeywell signs deal with Google to bring Gemini generative AI to industrial sector

CNBC News Key Points Honeywell has signed a deal with Google to bring its generative AI, including the Gemini large language model and Vertex, Google Cloud’s AI platform, together with its massive data set that collects information across industries from aerospace to health care, manufacturing, energy and warehouses. The collaboration between the technology and industrial giants, to begi...

Amazon buys massive Valley site for potential data center

Phoenix Business Journal Seattle-based Amazon.com Inc. (Nasdaq: AMZN) has bought a 220-acre site in Laveen for a potential data center campus in Phoenix. Amazon acquired the site for $277 million in cash through its subsidiary Amazon Data Services, according to land records and Tempe-based real estate database Vizzda. It paid more than $1.2 million an acre in the deal. An Amazon Web Se...

SRP Partners with City of Tempe on Commercial Water-Saving Rebates

InBusiness PHX SRP announced a contribution of $10,000 per year or $50,000 over five years to financially support the City of Tempe’s Non-Residential Landscape Conversion Rebate program. SRP is also contributing $10,000 per fiscal year or $50,000 over five years to the city’s Cooling Tower Rebate program for non-residential customers. The Non-Residential Landscape Conve...

TSMC stock rallies on upbeat Q3 earnings fueled by strong AI chip demand

Phoenix Business Journal Taiwan Semiconductor Manufacturing Co. will begin full volume production at its north Phoenix fab earlier than expected as the company is seeing “extremely robust” AI-related chip demand. In the company’s Oct. 17 earnings call after releasing its third quarter financial results, TSMC CEO C.C. Wei said the company has made “significant progress” on it...

Idealab Arizona launches a new startup studio to increase local startups and jobs

Greater Phoenix Economic Council Idealab Arizona, a partner of Idealab Studio, the leading technology incubator, today announced the launch of a startup studio that co-founds Arizona State University-affiliated tech startups to increase commercialized intellectual property, startups and jobs in Arizona. Idealab Arizona will focus on startups in climate, medical, AI and advanced manufactur...

Avnet Names New Chief Digital Officer to Drive Distributor’s Digital Strategy

inBusiness PHX Avnet has hired Dave Youngblood as Chief Digital Officer, effective October 21, 2024. In this newly created role, Mr. Youngblood will lead and further enable Avnet’s enterprise-wide digital platform and eCommerce approach. Reporting to Chief Executive Officer, Phil Gallagher, he will also be joining Avnet’s executive leadership team. Avnet’s digital strategy focuses ...

Arizona State University taps HonorHealth as medical school partner

Phoenix Business Journal Arizona State University has selected HonorHealth as the primary clinical affiliate for ASU’s School of Medicine and Advanced Medical Engineering. This clinical affiliation means that ASU students will get hands-on experience within HonorHealth’s hospitals and other health facilities. The students will graduate with a medical degree and master of scien...

Major SRP solar facility ready to power Meta’s data centers

Phoenix Business Journal Tempe-based nonprofit utility Salt River Project, along with its partner Orsted, have announced the opening of the 300-megawatt Eleven Mile Solar Center project in Pinal County. The solar farm was built by Orsted east of Casa Grande, about halfway between Coolidge and Eloy. It includes 300 megawatts of battery storage capacity and is the largest facility of its ki...

Chandler’s Everspin Partners on Lucid Motors’ Gravity Electric SUV

inBusiness PHX Everspin Technologies, Inc., the world’s leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Lucid Motors will use its PERSYST MRAM in its recently released Gravity SUV. The MR25H256A, a 256Kb serial MRAM, was selected because it meets the AEC Q100 Grade 1 specification of -40C to 12...

UA Tech Park Renews Long-Term Lease with IBM, Supporting Economic Growth in Tucson

UA Tech Parks News The University of Arizona’s relationship with IBM dates back 30 years when the two organizations collaborated in the sale of the IBM campus off Rita Road and Interstate 10 establishing the University of Arizona (UA) Tech Park in 1994. This renewed lease confirms that IBM, recognized by OnDeck as the nation’s #1 innovative company, will continue to leverage the unique res...

ASU researchers use AI to help people see more clearly

ASU NEWS | AZBIO Myopia, also known as nearsightedness, is on the rise, especially among children. Experts predict that by the year 2050, myopia will affect approximately 50% of the world’s population. Researchers believe that an increase in what’s called “near work” — when we interact with close objects like phones and screens — is partially to ...

Amkor and TSMC to Expand Partnership and Collaborate on Advanced Packaging in Arizona

inBusiness PHX Amkor Technology, Inc. and TSMC announced that the two companies have signed a memorandum of understanding to collaborate and bring advanced packaging and test capabilities to Arizona, further expanding the region’s semiconductor ecosystem. Amkor and TSMC have been closely collaborating to deliver high volume, leading-edge technologies for advanced packaging and testin...

OneAZ Credit Union to acquire 1st Bank Yuma

Phoenix Business Journal Phoenix-based OneAZ Credit Union has agreed to acquire 1st Bank Yuma in a cash deal that would make the combined entity the second-largest credit union in the Valley. OneAZ Credit Union announced Thursday it entered into a definitive agreement with Western Arizona Bancorp., the parent company of 1st Bank Yuma, to buy the assets and assume the liabilities of the fi...

Community Tech Hub Launches Foundation to Expand Accessibility to STEM Education

inBusiness PHX GenTech, a community tech hub that provides personal tech support and STEM education programming, has launched the GenTech Foundation to bring its KidsTech program to more Valley schools, bridging the STEM education divide among students and allowing more kids the opportunity to explore their interest in technology. As part of its launch, the foundation has partnered with t...

Hyperion Technologies Looks to Make Peoria Home

inBusiness PHX The latest company to invest in Arizona’s growing semiconductor industry is Hyperion Technologies, a leader in manufacturing high-density interconnect IC substrates (HDI-IC substrates). Although Hyperion may not yet be a household name, its recent announcement to build a 600,000-square-foot facility in Peoria aims to fill a crucial gap in the U.S. semiconductor supply chai...

Mayo Clinic, ASU 2024 seed grant recipients represent future of health care

Phoenix Bioscience Core Can the current method of performing orthopedic surgery be transformed with new materials? Would a simple fingerstick biosensor be able to track heart health? How can AI better train the next generation of health care workers? These are a few of the questions being researched by the 15 recipients of the 2024 Mayo Clinic and Arizona State University Alliance for Health ...

The university expands its Maricopa County presence with the new Scottsdale Center

University of Arizona News The new University of Arizona Scottsdale Center is becoming a busy hub for meetings, conferences and collaborations involving U of A colleges, faculty and staff, alumni, and business and community organizations. Located in the center of Old Town Scottsdale, the facility was developed as part of the university’s Strategic Plan and aims to advance the U of A...

Honeywell Aerospace Technologies Launches Innovation Hub at ASU

inBusiness PHX Honeywell opened the Honeywell Innovation Hub — a new space on Arizona State University’s Tempe campus launched in collaboration with Ira A. Fulton Schools of Engineering. Both the Fulton Schools and Honeywell are focused on empowering students to develop key engineering skills and solve the aerospace industry’s most pressing challenges. The opening of the hub support...

Air2O Guest Blog: Indoor Agriculture: The Next Frontier for Technologically-Sophisticated Industrial Applications

Air2O For the uninitiated, modern indoor farming facilities are a sight to behold. Not content to stop at square feet—and certainly not your standard backyard hothouse of old—they incorporate acres of enclosed growing space managed to precise environmental conditions. Within each of those facilities are often specialized areas with their own temperature and humidity requirements. With...