November 23, 2024 3:04 am
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GPEC helps dozens of businesses set up shop in Arizona in past year

By Audrey Jensen | Phoenix Business Journal

The Phoenix region is in the throes of a monumental run of business expansions and economic development announcements.

This year alone, Taiwan Semiconductor Manufacturing Co. upped its investment in Phoenix from $40 billion to $65 billion, the largest foreign direct investment in Arizona’s history, and secured nearly $12 billion in federal CHIPS Act subsidies and loans. Amkor Technology Inc. also announced plans for a $2 billion semiconductor testing and packaging plant near TSMC, while LG Energy Solution kicked off construction of its first battery manufacturing plant in the Valley.

Read the full subscription story from the Phoenix Business Journal.

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