Scottsdale Greenlights ASM for $400M Factory
The City of Scottsdale has agreed to pay back Advanced Semiconductor Materials for the infrastructure requirements for its new north Scottsdale headquarters and research facility. As a quid pro quo, ASM must construct its new 400,000-square-foot facility, add 500 jobs with an average wage of $110,000 and achieve a payroll of $55 million.
The Phoenix Business Journal reports ASM’s expected capital expenditure for its new headquarters would be more than $400 million between the land acquisition, project buildout and equipment housed within the facility. ASM purchased nearly 24 acres near the southeast corner of Scottsdale Road and Loop 101 — the site of its new headquarters. ASM America bought the land for more than $33 million
ASM designs and supplies wafer processing equipment to customers, primarily for the deposition of thin films — a fabrication process used in semiconductor manufacturing.
ASM’s existing headquarters is at 3440 E. University Drive near Phoenix Sky Harbor International Airport.
