High tech manufacturing is thriving in Arizona
Electric vehicles are on the rise, so it’s no surprise battery and semiconductor manufacturers are looking for growth opportunities. Finding investors for new land to expand their warehouses and production centers seems to be at the top of their list.
Battle Approved Motors owns over 204 acres of land in Arizona and that may soon double. Gearing up development for our private community, testing facility, and future BAM headquarters is highly anticipated. “This is a unique opportunity. The plan is complex, but neat. There are many moving parts with involvement from people inside and both outside the state than anything else I’ve been involved in,” said Kenny Osborn (Battle Approved)
Some big anchors are also coming to Arizona, including Korean Battery giant LG Energy Solutions which just bought 650 acres of land in Queen Creek, Arizona for its first North American cylindrical-type battery facility starting with a $1.4 billion initial investment. LGES dominates over 20% of the global electric vehicle battery market, supplying Tesla, General Motors and Volkswagen AG among others.
Chip maker Taiwan Semiconductor Manufacturing Co. began building a $12 billion semiconductor manufacturing facility north of Phoenix. TSMC is the world’s largest contract chipmaker and key supplier to companies like Apple and Google. Sources with knowledge of the deal have confirmed that the final investment in the facility will be closer to $35 billion.
Intel is also deepening its presence in Arizona. Last September, the company broke ground on two chip manufacturing facilities in Chandler, Arizona with a $20 billion investment.
Sunlit Chemical, the first semiconductor industry supplier to announce plans for a location in north Phoenix to service Taiwan Semiconductor Manufacturing Co. Sunlit bought 17 acres of land. The Sunlit facility will total 900,000 square feet and be developed in two phases with $100 million capital investment. The first phase is planned to be operational by the end of 2023
KORE Power closed on a 214-acre site in Maricopa County, Arizona, that will host battery cell giga-factory for both electric vehicle and energy storage system markets. The expected date for the factory to become operational has been delayed to 2024, but that’s because they’re going to double the size of their 12GWh annual production manufacturing facility from 1 million square feet to 2 million square feet.
Arizona, is fast becoming ‘the hot market’ in the US for EV and is experiencing robust growth.
We’re so glad we chose the state of Arizona!
The Future’s so bright. We’ve gotta wear shades! 😎
BAM – Rolling to the future ✓