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.

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