Arizona continues to outpace the nation in several key bioscience industry and innovation ecosystem metrics, including gains in jobs and academic R&D expenditures. Still, challenges remain in the areas of commercialization and venture capital deal activity. Those are top-line findings in the latest data analysis commissioned by the Flinn Foundation to track the state’s … [More]
Idealab Arizona Announces Partnership to Drive Strategic Innovation in the Built Environment
Idealab Arizona, a partner of Idealab Studio, a leading technology incubator, announced a strategic partnership with Skidmore, Owings & Merrill, a leading international architecture, engineering, and urban planning firm, to accelerate the development of innovative startups focused on revolutionizing the built environment. This collaboration also leverages Idealab Arizona’s … [More]
New Partnership to Enhance Solutions for Data Center AI Performance
Air2O, an expert in advanced thermal management systems, and Liquid Load Banks, a leading provider of comprehensive testing solutions designed to fully commission electrical and cooling infrastructure, announced a partnership that will enable the companies to deliver comprehensive solutions for mission-critical data centers in the AI era. Intensifying … [More]
Spirit Electronics Expands U.S. Semiconductor Capacity with Acquisition of SMART Microsystems
As part of its strategic commitment to strengthening domestic semiconductor manufacturing, Phoenix-based Spirit Electronics has acquired SMART Microsystems, located at Lorain County Community College (LCCC) in Ohio. This expansion into Northeast Ohio marks a significant step in fostering academic and industry collaboration to accelerate innovation and workforce development in … [More]
onsemi Withdraws Proposal to Acquire Allegro MicroSystems
onsemi announced that it has terminated its efforts to acquire Allegro MicroSystems, Inc. and withdrawn its all-cash proposal to acquire Allegro for $35.10 per share. While onsemi continues to believe that a combination of these companies would have brought two highly complementary businesses together, benefiting their respective customers and delivering immediate value to … [More]
Sustainable HVAC Co. Opens Manufacturing Facility, Boosting Data Center Cooling Solutions
XNRGY Climate Systems, a leader in innovative and sustainable HVAC solutions, announced the grand opening of its new manufacturing facility within the Gateway East development in Mesa. The 275,000-square-foot facility, which begins production on May 1, 2025, marks a significant milestone in XNRGY's commitment to supporting the booming data center market and driving … [More]
Lucid to Acquire Select Facilities and Assets of Nikola
Lucid Group, Inc., maker of the world’s most advanced electric vehicles, announced it has reached an agreement to acquire select facilities and assets in Arizona previously belonging to Nikola Corporation, subject to approval by the U.S. Bankruptcy Court for the District of Delaware. The transaction does not include the acquisition of Nikola’s business, customer base, or … [More]
Carvana Announces Enhanced Tech for Phoenix Inspection and Reconditioning Center
Carvana Co., an industry pioneer for buying and selling used cars online, announced plans for an auction and reconditioning ‘Megasite’ integration in Phoenix. This effort will bring Carvana’s Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Phoenix wholesale auction location while maintaining digital and in-lane auction operations on site. The … [More]
Large-Scale Study Reveals True Impact of ASU Virtual Reality Initiative on National Science Education
A two-year study released from Arizona State University reveals the potential impact of story-driven virtual reality (VR) learning experiences on university students. More than 4,000 students taking VR biology courses enhanced through "Dreamscape Learn" showed marked improvement in academic outcomes, student satisfaction and lab grades in science courses, as … [More]
ACA Names Winners of 2025 Venture Madness
The Arizona Commerce Authority, in partnership with Venture Madness, announced three winners for the 2025 Venture Madness Conference. Arizona’s longest-running pitch competition, Venture Madness by Invest Southwest features early stage and emerging growth companies and offers participants exclusive access to the region’s most active, accredited angel investors and venture … [More]
