Arizona Senator Mark Kelly’s bipartisan Building Chips in America Act — a critical piece of legislation aimed at cutting the bureaucratic red tape that slows down the construction of semiconductor factories in the U.S. while proclaiming to maintain the bedrock protections for clean air and clean water — was signed into law by President Biden on October 2nd. The enactment of … [More]
ASU’s SWAP Hub Projects Secure $30 Million in Federal Funding
The Southwest Advanced Prototyping Hub, based at Arizona State University and comprised of more than 170 members — 75 large companies, 28 academic institutions and more than 60 small businesses — has been awarded nearly $30 million in federal funding for five projects aimed at strengthening U.S. semiconductor manufacturing. Hubs such as this serve as a crucial link between … [More]
The Realities of Ransomware
Ransomware: It’s a term and many times part of committing fraud that many businesses have become all too familiar with in recent years. A form of malware, ransomware is used by bad actors to infiltrate a company’s IT platforms and essentially hold their systems, stolen data or both until payment is made by the company to the perpetrator. Access to company IT systems and stolen … [More]
Venture Madness Introduces 2024 Board of Directors
Organization also appoints Tom Fulcher to board chair and promotes Karen Katzorke to president and CEO
Venture Madness unveiled recent changes to its Board of Directors for 2024 including the appointment of Tom Fulcher as Board Chair and Karen Katzorke as President & CEO. Fulcher also serves as President and CEO of The Idea Gardener LLC and has over 30 years of management experience with startups, small businesses and Fortune 500 companies. He is an angel … [More]
Nucleus RadioPharma Announces New Manufacturing Site in Mesa
Facility will put high-quality development and manufacturing for short half-life theranostic products within reach
Nucleus RadioPharma, the world’s first fully integrated development, manufacturing, and supply chain organization for radiopharmaceuticals, announced that it has signed a lease and committed to build a new manufacturing facility in Mesa, Arizona. Once operational in mid-2026, the 53,000-square-foot facility will create 50 new skilled jobs. The theranostic market currently … [More]
Avnet Names New Chief Digital Officer to Drive Distributor’s Digital Strategy
Avnet has hired Dave Youngblood as Chief Digital Officer, effective October 21, 2024. In this newly created role, Mr. Youngblood will lead and further enable Avnet’s enterprise-wide digital platform and eCommerce approach. Reporting to Chief Executive Officer, Phil Gallagher, he will also be joining Avnet’s executive leadership team. Avnet’s digital strategy focuses on … [More]
Republic Services Launches Tool to Help Businesses Improve Sustainable Practices
Circularity, the concept of maintaining the value and use of materials as long as possible to minimize waste and resource consumption, is critical for businesses to reduce their environmental impact and achieve sustainability goals. Republic Services, Inc., a leader in the environmental services industry, today launched the Circularity Index, a no-cost online tool to help … [More]
Community Tech Hub Launches Foundation to Expand Accessibility to STEM Education
GenTech, a community tech hub that provides personal tech support and STEM education programming, has launched the GenTech Foundation to bring its KidsTech program to more Valley schools, bridging the STEM education divide among students and allowing more kids the opportunity to explore their interest in technology. As part of its launch, the foundation has partnered with the … [More]
Data Center Vacancy Falls to 3% in the Americas, Phoenix Still Holds Third Largest Market Status
Cushman & Wakefield, the global real estate services firm, has released its latest research report on data center markets, showing that power and component lead times continue to slow delivery of new supply. The vacancy rate in the Americas has fallen to 3%, with over 80% of deliveries pre-leased in major markets, pushing lease rates higher. Phoenix comes in at the third … [More]
Honeywell Aerospace Technologies Launches Innovation Hub at ASU
Collaboration with ASU’s Ira A. Fulton Schools of Engineering will bring new equipment and professional expertise to ASU students
Honeywell opened the Honeywell Innovation Hub — a new space on Arizona State University’s Tempe campus launched in collaboration with Ira A. Fulton Schools of Engineering. Both the Fulton Schools and Honeywell are focused on empowering students to develop key engineering skills and solve the aerospace industry’s most pressing challenges. The opening of the hub supports … [More]
SWAP Hub Team Awarded CHIPS Act Funded Project to Converter for Advanced Radar Systems
The Deptartment of Defense has announced that the Southwest Advanced Prototyping (SWAP) Hub based at Arizona State University has been awarded $5M in funding by the CHIPS and Science Act for a Multi-MHz, High Density, Ultra-fast RADAR Power Convert project that will advance radar power systems in critical defense applications. Researchers at the SWAP Hub are developing a … [More]
Intel’s Challenge: Layoffs amid Semiconductor Expansion
Intel Corp., a major player in Arizona’s semiconductor industry, recently announced plans to cut 15% of its global workforce, roughly 15,000 jobs. This decision comes as the company grapples with financial challenges, including a $1.6 billion loss in the second quarter of 2024. The cuts are part of a broader restructuring aimed at saving $10 billion by 2025. What does this … [More]
Hyperion Technologies Looks to Make Peoria Home
The latest company to invest in Arizona's growing semiconductor industry is Hyperion Technologies, a leader in manufacturing high-density interconnect IC substrates (HDI-IC substrates). Although Hyperion may not yet be a household name, its recent announcement to build a 600,000-square-foot facility in Peoria aims to fill a crucial gap in the U.S. semiconductor supply chain and … [More]
Arizona’s Semiconductor Boom Sparks Environmental Concerns
Scrutiny on balance between economic progress and environmental stewardship
As Arizona’s semiconductor industry grows, so do environmental concerns. Taiwan Semiconductor Manufacturing Co. and Intel, two of the largest chip manufacturers in the state, are both building massive facilities as part of the U.S. government’s CHIPS and Science Act initiative. However, a coalition of environmental and labor groups known as CHIPS Communities United is urging … [More]
AI – Approach with Caution
AI adoption is happening with or without the acknowledgment or approval of company leadership. According to a recent Microsoft report, “Use of generative AI has nearly doubled in the last six months, with 75% of global knowledge workers using it.” The same report states that “78% of AI users are bringing their own AI tools to work (BYOAI).” AI consultants can help leaders and … [More]
Brainiest Offers User-Friendly Marketing AI for SMBs
Scottsdale-based Brainiest, a cutting-edge all-in-one marketing communications AI platform, recently launched a dynamic conversation-based interface generating actionable marketing plans and content ideas. Astro Brainstorming is designed to act as a personal marketing assistant for small and mid-sized businesses. "Many businesses find AI tools overwhelming and struggle to … [More]
Their Take: Keep Arizona’s Technology Industry Growing
In America, innovation often begins on college campuses. Think Google, Facebook and many other household names that started as ideas in dorm rooms. Yet, before 1980, America’s universities and research centers could never fully capitalize on their inventions. For decades, the federal government had a firm grip on research and patents, creating rules and regulations that … [More]
Executive Chairman Retires at Amkor, Successor Named
Amkor Technology, Inc., a leading provider of semiconductor packaging and test services, announced that James Kim will be stepping down as Executive Chairman of Amkor and retiring from the company effective October 31, 2024. Susan Kim, Amkor’s Executive Vice Chairman, will become Chairman of the Board at that time. Mr. Kim founded Amkor in 1968 and has been a pioneer in the … [More]
