spot_imgspot_img

Arizona semiconductor industry grows with new facility announcement in Mesa

spot_img

(The Center Square) – A new semiconductor plant for repair, cleaning, and coating is going to be coming to Mesa.

KoMiCo’s facility is anticipated to create 200 jobs when it opens in 2026, and the announcement comes as there are larger efforts to get a wide variety of aspects of the semiconductor supply chain in the United States.

The Arizona Commerce Authority told The Center Square that the company could qualify for the Quality Jobs Tax Credit for up to $351,000, and it provides $3,000 for up to three years ($9,000 total) for a company that is created a “net new quality job.”

“The primary goal of the Quality Jobs Tax Credit is to encourage business investment and the creation of high-quality employment opportunities in the state,” the authority stated in an email.

According to a news release, it is the company’s third location in the U.S. and a $50 million “capital investment.”

“KoMiCo is proud to partner with the City of Mesa in further establishing the Silicon Desert as the most technologically advanced semiconductor manufacturing region in the United States,” Shawn Jang, CEO, KoMiCo U.S., said in a statement.

Meanwhile, local leaders say that the develop is making the Phoenix area increasingly known for technological growth in the industry.

“KoMiCo’s technology allowing for the service of the most advanced chips in the world helps Greater Phoenix continue to distinguish itself as a leader in the semiconductor ecosystem,” said Chris Camacho, President and CEO, Greater Phoenix Economic Council, said in a statement. “Innovation begets innovation, and we look forward to seeing how KoMiCo’s offerings will help other companies within the local supply chain grow.”

Intel and Taiwan Semiconductor Manufacturing Company have most notably been granted major funding through the CHIPS and Science Act to develop the critical technology outside of Asia, as the industry continues to navigate hurdles with finding the right staff and dealing with high costs. Those companies both choose Arizona for their facilities. The push to have more semiconductor growth domestically is tied with tensions rising between Taiwan and China, and most of the industry is saturated in Taiwan and surrounding areas.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Tennessee State Veterans Homes more than $1M in the red

(The Center Square) – The Tennessee State Veterans' Homes...

Shapiro launches permit fast track program

(The Center Square) — The next step toward faster...

Five key races not certified by North Carolina election board

(The Center Square) – Four Legislature races and one...

Biden proposes Medicare, Medicaid cover weight-loss drugs

(The Center Square) – President Joe Biden plans to...

Spokane eyes $8M climate exemption amid ask to raise property taxes above 1% cap

(The Center Square) – The Spokane City Council is...

Biden Looks to Tackle High-Cost Diet Drugs

(AURN News) — The Biden administration on Tuesday proposed...

Wisconsin receives $32M to study DOT carbon impact

(The Center Square) – Nearly $32 million in federal...

More like this
Related

Tennessee State Veterans Homes more than $1M in the red

(The Center Square) – The Tennessee State Veterans' Homes...

Shapiro launches permit fast track program

(The Center Square) — The next step toward faster...

Five key races not certified by North Carolina election board

(The Center Square) – Four Legislature races and one...

Biden proposes Medicare, Medicaid cover weight-loss drugs

(The Center Square) – President Joe Biden plans to...