Phoenix Hosts Largest-ever Delegation of Automotive, Semiconductor Industry Leaders

Article originally posted on Phoenix Business Journal on May 1, 2023

In a signal of the Phoenix metro’s growing presence in the automotive and semiconductor industries, more than 60 companies in those sectors — mostly from Taiwan and Singapore as well as Japan, New Zealand, Switzerland and Ireland — converged in the Valley in the past week to learn about expansion opportunities.

It was the largest business delegation ever hosted by the Greater Phoenix Economic Council and it was part of the SelectUSA Investment Summit events taking place in April and May. The business leaders participated in a two-day event on April 27-28 that included networking with industry leaders, roundtable discussions, tours and presentations on education, workforce and expanding and operating in the U.S. and Phoenix region.

The event marked Phoenix’s first time hosting a spinoff from the larger SelectUSA summit that is hosted annually by the U.S. Department of Commerce to promote foreign-direct investment in the country. The federal government has been promoting incentives and pushing for domestic manufacturing in recent years, which has helped bring in new investments by some of the largest tech companies in the world.

Find the Complete Article Here: https://www.bizjournals.com/phoenix/news/2023/05/01/gpec-phoenix-selectusa-delegation-arizona.html

A huge construction crane towering over the Taiwan Semiconductor Manufacturing Co. factory under construction in north Phoenix.