PHOENIX — Four years after the bipartisan CHIPS and Science Act was signed into law, U.S. Representative Greg Stanton (AZ-04) highlighted the law’s significant impact on Arizona’s rapidly growing semiconductor industry by visiting manufacturers across the Valley that are helping bolster economic growth, create jobs, and strengthen U.S. national security.
“The CHIPS and Science Act cemented Arizona’s place as a global leader in semiconductor manufacturing. These smart, targeted investments created good-paying jobs and ensured that the technologies that power America, like our smartphones and defense equipment, are made right here at home,” said Rep. Stanton.
The CHIPS and Science Act made a historic federal investment of $52.7 billion to bring semiconductor manufacturing and its supply chain back to the United States, and it included a 25% investment tax credit for companies' manufacturing equipment costs.
According to the U.S. Government Accountability Office (GAO), the legislation has funded 49 projects throughout the country and catalyzed over $30 billion in direct federal allocations to revitalize domestic manufacturing. Of that total, more than $15 billion in direct funding was awarded to companies in Arizona—the most of any state in the country.
The CHIPS and Science Act is also helping build Arizona’s semiconductor workforce by supporting apprenticeship and workforce development programs through employers such as Taiwan Semiconductor Manufacturing Company (TSMC). These investments have helped create thousands of new manufacturing jobs and support thousands more construction jobs across Arizona.
U.S. Representative Greg Stanton visits Amkor Technology in Peoria, Arizona on Aug. 10, 2026.
Stanton’s visit included stops at ASML and Amkor Technology, where a new facility is currently under construction. Amkor received $407 million in CHIPS funding for the facility, which is expected to create 3,000 high-quality jobs. The visits follow Stanton’s recent visit to TSMC, which announced last month an additional $100 billion in private investment, bringing its total Arizona commitment to $265 billion—the largest foreign direct investment in U.S. history.
Stanton is leading the charge to maintain Arizona’s position as the nation's leader in the semiconductor ecosystem, pushing CHIPS 2.0 forward and holding listening sessions with top industry leaders from Amkor, Applied Materials, TSMC, Intel, and others to hear directly what additional federal investments are needed.