Yes.
Phoenix’s technology sector has continued to grow since the initial wave of hiring and startup investments in 2020.
Intel broke ground on two semiconductor factories in Chandler in 2021, a project expected to create 3,000 tech-adjacent jobs and 15,000 indirect ones. That same year, Taiwan Semiconductor Manufacturing Company (TSMC) started building its first semiconductor fabrication plant in North Phoenix. TSMC has since expanded, breaking ground on a fourth fabrication plant and its first advanced chip packaging facility in Arizona.
In 2022, California-based telecommunications company Viasat added 1,500 jobs in Tempe, while tech company Sendoso moved its headquarters from San Francisco to Arizona, bringing an estimated 1,000 jobs.
From 2020 to 2024, startups in the Greater Phoenix area raised more than $6 billion in venture capital funding. The growth was reflected in Arizona’s inaugural tech week in April, which attracted more than 18,000 people to events focused on technology and entrepreneurship.
This fact brief is responsive to conversations such as this one.
The Arizona Center for Investigative Reporting partners with Gigafact to produce fact briefs, or quick-response fact checks, about trending claims relating to Arizona.
Sources
- AZ Tech Council, Tech jobs increase as COVID-19 alters business landscape
- City of Chandler, Intel breaks ground on two new semiconductor factories
- Phoenix Business Journal, TSMC breaks ground on advanced packaging facility in north Phoenix
- Greater Phoenix Economic Council, Telecommunications company Viasat plans to add 1,500 jobs in Tempe
- Sendoso Communications, Sendoso invests $40M+ in new Arizona headquarters and hiring
- Greater Phoenix Economic Council, Software
- Arizona Commerce Authority, Arizona Tech Week Impact
Support AZCIR with a donation!
Sign Up, Stay Informed
The Arizona Center for Investigative Reporting is partnering with Gigafact to produce timely fact briefs, or quick-response fact checks, about trending claims relating to Arizona.
