FY24 Public Investment in New Economy Initiative Powering Arizona’s growth as America’s next high-tech hub In 2022, the state of Arizona’s New Economy Initiative investment paid huge dividends—decisively establishing Arizona as a leader in technologies that support U.S. competitiveness and national defense. Arizona State University is stewarding Arizona’s NEI investment through targeted efforts to strengthen the microelectronics industry, its workforce and to partner with businesses large and small. Leading enterprises have taken notice — TSMC, the world’s largest microchip manufacturer, increased its investment in Arizona by an additional $40 billion, and Apple announced its plans to buy chips made in Arizona. Building on major federal investment and interest in Arizona—including a visit from POTUS, multiple cabinet secretaries and industry leaders—ASU’s plan for serving Arizona and the nation in FY23 leverages NEI funds to grow Arizona’s manufacturing, research and development base and secure new federal investments for both commercial and national defense initiatives.
5
100+
+3K
+30K
Science and Technology Centers launched
Industry partners
Engineering enrollments over AY 2021-22
Future engineers in training at ASU
Advancing national security and defense New Economy Initiative funding has powered ASU’s role as a key player in advancing technologies that support the U.S. Military and Department of Defense. ASU is a partner to the DoD on multiple programs that translate academic expertise into national defense solutions, including the National Security Innovation Network and Mission Accelerator Center, and is supporting the National Security Agency’s new NSA2 accelerator program. In FY23, ASU will leverage NEI investments to bid for a leading role in the DoD’s forthcoming National Network for Microelectronics Research and Development, which aims to bring manufacturing of critical microelectronics components back from Asia onto American soil.
MacroTechnology Works: a unique world-class R&D resource ASU leveraged NEI funds to acquire $15M in equipment for MacroTechnology Works, one of the most robust and innovative microelectronics R&D facilities in the nation. MacroTechnology Works provides the foundation for ASU to pursue major federal funding opportunities that strengthen industry and defense, including the CHIPS Act and the National Network for Microelectronics Research and Development.
FY23 State Investment Increase scale of Fulton Schools of Engineering training for high-tech talent pipeline
$31M
Expand and enhance Science and Technology Centers in the areas of advanced manufacturing, artificial intelligence, semiconductors and beyond
$75M
Expand upskilling/re-skilling programs to strengthen existing AZ workforce
$10M
Entrepreneurship for home-grown AZ start-ups and fellowships
Total investment
$4.75M $118.75M
For more information, visit neweconomy.asu.edu
FY24 Public Investment in New Economy Initiative Strengthening industry linkages In 2022, working with private sector partners, ASU established the New Economy Semiconductor Industry Council to drive leadership, advocacy and collaboration to advance Arizona as a national technology leader. The Industry Council is developing new ways to expand Arizona’s workforce pipeline and mobilizing investment to create a foundation for companies to grow and succeed and bring new opportunities to Arizona workers – in both both degree and non-degree jobs.
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Initiatives such as the New Economy Industry Council further create a friendly environment for TSMC Arizona to bring the most advanced semi manufacturing to the U.S. We are thankful for the partnership with ASU which has been crucial in creating a strong talent pipeline that we have been able to tap to recruit some of the best semiconductor talent in the U.S. When complete, TSMC Arizona will create thousands of high-value jobs while bolstering a vibrant and competitive American semiconductor ecosystem and this is due in part to the constant support from partners like ASU.” — Brian Harrison, Senior Vice President, TSMC
ASU Science and Technology Centers: Driving industry partnership and investment
In 2022, ASU launched five NEI-funded STCs that directly engaged 50+ companies and launched 11 industry-supported projects.
PERFORM: Human Performance Devices and assessment for cognitive and physical performance
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AMPED: Advanced Materials, Processes and Energy Devices Batteries, power electronics and Solar
MADE: Manufacturing, Automation and Data Engineering Process innovation, data analytics, robotics and automation, cyber and AI
EXTREME: Extreme Environments Solutions for resilient energy, transportation and water systems
ACT: Advanced Communications Technologies Autonomous vehicles, future RF systems, and augmented reality
By leveraging federal investments from the CHIPS Act, the National Science Foundation, and DARPA, as well as applying the New Economy Initiative to create Science and Technology Centers that will promote research and innovation at scale, ASU provides fertile ground for the growth of Arizona’s economic future.” — Mostafa Aghazadeh, Vice President, Intel
For more information, visit neweconomy.asu.edu