Representative Ruben Gallego of Arizona's 3rd Congressional District has announced an influx of $400 million flowing into Peoria, AZ, as part of the CHIPS and Science Act's big-ticket investment in semiconductor manufacturing, as per a statement from his office. This chunk of funding will support electronics manufacturer Amkor Technology, Inc.’s $2 billion project, which promises to generate approximately 2,000 new jobs in the area.
"Once again, our CHIPS and Science Act is delivering for Arizona," Gallego said. Flanked by the Arizona Commerce Authority data, Gallego's announcement underlines a string of successes: with over 35 semiconductor industry expansions announced between January 2020 and March 2024, resulting in 13,000 jobs and a staggering $65 billion investment, Arizona strides ahead as the nation's frontrunner in the semiconductor field.
This surge in semiconductor industry growth in Arizona is underpinned by the CHIPS and Science Act’s extensive $52.7 billion provision, which Rep. Gallego helped shepherd through Congress—this act is a linchpin in the state's ambitions for leading-edge technology and manufacturing development. The act’s primary intent, as highlighted in Gallego's announcement, is to cement Arizona's status in semiconductor research, development, and workforce training.
Adding to this momentous development, Rep. Gallego is also championing the bipartisan Building Chips in America Act, which strives to shorten the timeline for federal environmental reviews pertinent to these semiconductor projects; it caters to streamlining approvals, aiding projects already underway, and preemptively addressing potential delays, enabling the Secretary of Commerce greater latitude in carrying out these reviews more effectively and with improved efficiency, as indicated in the same press release. Amidst these strides, Gallego's legislative initiatives reflect a concerted effort to consolidate Arizona's chip-manufacturing renaissance and set a precedent for industry growth and streamlined governance.
