SEMICON West: Stronger Together

SEMICON West 2024 highlighted technological advancements and future supply chain challenges, crucial for the semiconductor industry’s projected $1 trillion growth by the decade’s end. This year’s theme “stronger together” rang true and was echoed by Bertrand Loy, president and CEO of Entegris, and Scott Jensen, director of workforce strategy for CHIPS at the U.S. Department of Commerce, when they emphasized the importance of developing local expertise and infrastructure.

Laurie Locascio, undersecretary for Standards and Technology, detailed the U.S. government’s additional $1.6 billion investment in chip packaging technologies. “We now have a diversity of technology that we have not had in decades,” she stated.

The CHIPS Act’s $52 billion investment is spurring the expansion of wafer fabrication facilities. SEMI executives noted that 104 fabs, many in Arizona, are expected by 2027, generating thousands of high-tech jobs.

However, the industry’s growth brings supply chain challenges. Mike Wilson from DSV Supply Chain Solutions emphasized the need for a future-proof, sustainable, digital and flexible supply chain. “We will move from elongated, rigid supply chains to more local, flexible and circular systems,” Wilson said. This shift aims to bring supply chains closer to customers, enhance reliability and reduce risks.

The implications for Arizona are profound and were highlighted with the state’s recent accolades. Maricopa County was ranked No. 1 in economic development by Site Selection Magazine, while the Phoenix/Mesa/Chandler metro area topped Business Facilities’ 2024 Rankings for large manufacturing hubs. Arizona was also recognized as the leading state for the semiconductor industry by Business Facilities Magazine. The ripple effect of this growth enhances Arizona’s economic resilience and continues to position it as a leader in national and global markets. As Phoenix prepares to host SEMICON West 2025, October 7–9, the spotlight will again be on Arizona.