Gov. Katie Hobbs joined Dutch Prime Minister Mark Rutte in Scottsdale on Tuesday to announce an expansion of semiconductor manufacturer ASM’s presence in Arizona.
The Dutch company, which first opened its North American headquarters in Phoenix in 1976, will invest around $320 million to move the headquarters to north Scottsdale in 2026.
“Arizona has played a very crucial part in the history of ASM,” ASM International CEO Benjamin Loh said.
Loh appeared alongside Hobbs, Scottsdale Mayor David Ortega and a delegation of Dutch officials to make the announcement at WestWorld in Scottsdale, which is located a few miles away from the site where the new headquarters will be built.
ASM employs more than 800 people in Arizona and expects to add 500 new positions over the next six years.
“This is such an exciting announcement for us in terms of economic development for the state, building the semiconductor ecosystem that we’ve been working for the last several years,” Hobbs said.
Investment has flowed into Arizona’s semiconductor industry in recent years.
Taiwan Semiconductor Manufacturing Company (TSMC) is constructing a $40-billion facility in north Phoenix, and Korean semiconductor packaging company Amkor announced last week that it plans to build a $2 billion plant in Peoria.
Hobbs said she expects that influx of foreign investment into the state’s semiconductor industry to continue.
The governor’s office and the Arizona Commerce Authority were unable to provide information Wednesday on whether ASM will receive financial incentives from the state as part of the expansion.
The company is also expected to seek available funding from the federal CHIPS and Science Act.
