Cactus Materials touted the emerging talent pool at local universities and the emerging ecosystem of the semiconductor industry as reasons to do business in Arizona.
The White House has designated Phoenix as a workforce hub to help meet the demand for qualified and diverse talent in semiconductors, renewable energy and electric vehicles.
Over the next five years, Cactus Materials said it intends to make further upgrades at its facility and invest up to $300 million. The company had previously been awarded grants from NASA and the U.S. Department of Energy and has applied for funding earmarked for the semiconductor sector through the CHIPS and Science Act.
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