Over the last two years, Arizona has attracted several global technology companies, making it the top location for foreign direct investment in the country. In 2022, the state reported nearly $32 billion in additional investments from 35 international companies.
At the top was Taiwan Semiconductor Manufacturing Co.’s $28 billion investment to build a second factory in Phoenix, which brought its total investment in Arizona to $40 billion, one of the largest in U.S. history and the largest ever in the state.
Since 2020, two dozen other semiconductor companies and suppliers have announced projects and expansions, further cementing Arizona’s position as a center for semiconductors.
A growing number of American companies based in Japan have announced expansion projects in Arizona.
Fujifilm Electronic Materials U.S.A. Inc. completed an $88 million expansion of its electronic materials facility in Mesa in 2022, while NRS Logistics America announced plans to build a semiconductor chemical and gas products distribution and storage facility in Casa Grande.
Additionally, JX Nippon Mining & Metals USA Inc. is building a 25,363-square-meter electronic materials manufacturing plant also in Mesa.
To attract new partners and support further economic and trade collaboration, Arizona recently opened trade and investment offices in Taipei and Seoul.
To complement that effort, Gov. Katie Hobbs led an Arizona trade delegation in September to meet with government and business leaders in Taiwan and South Korea.
“Arizona’s global competitiveness is fueled by our unmatched business climate, growing workforce, proximity to global markets and world-class educational institutions,” Hobbs said.
“In recent years, industry-leading Japanese companies have announced operations in Arizona. We are grateful for those companies’ investment in our state and are hopeful we will continue to successfully work with more Japanese companies that are seeking to expand operations to Arizona,” she said.
For more information, please visit azcommerce.com and follow the Arizona Commerce Authority on X (formerly Twitter) at @azcommerce.
