Phoenix Market Momentum in July 2025
Arizona Scores Big on Jobs and Investment
Arizona’s economic development momentum continued in July 2025, with over $31 billion in new investments and more than 24,000 projected jobs across the state, according to the Phoenix Business Journal. A significant share of this growth is centered in Phoenix and Scottsdale, where high-tech and digital services firms are expanding rapidly.
In Phoenix, TSMC is ramping up its multibillion-dollar chip manufacturing campus, contributing over 1,000 new high-tech jobs and reinforcing the city’s global role in semiconductor production. Meanwhile in Scottsdale, Zensar Technologies announced plans to hire 350 employees at a new digital delivery center, focusing on cloud services, cybersecurity, and enterprise software. Private investment firms like Raven3 are also fueling growth by backing commercial and tech-focused developments across the Valley. (Business Journal)
With global tech players planting long-term roots, Phoenix and Scottsdale continue to be engines of Arizona’s statewide growth.
Phoenix at the Center of the Semiconductor Boom
Phoenix continues to rise as a national epicenter for semiconductor innovation and manufacturing. In July 2025, TSMC reaffirmed its commitment to Arizona with plans to boost production capacity at its North Phoenix chip fabrication campus. The move further solidifies the region’s role in helping to secure the U.S. semiconductor supply chain, as TSMC’s Arizona fabs are expected to produce cutting-edge 3nm chips used in everything from smartphones to AI infrastructure. The Phoenix Business Journal noted that this expansion will also bring significant job growth and vendor activity to the surrounding area. (Phoenix Business Journal)
Adding to that momentum, SEMICON West, one of the semiconductor industry’s premier conferences, announced it will relocate from California to Phoenix starting in 2026. This move signals a symbolic and strategic shift, placing Arizona at the forefront of global chip dialogue. “Phoenix makes a heck of a lot of sense today and for the future. I’ve been so impressed with the amount of investment that’s been brought into Arizona in the last few years,” Joe Stockunas, president of California-based SEMI Americas said.
“I think we’re approaching $200 billion in total investments being made in Phoenix since October when the CHIPS Act was approved. The investment and number of actively operating semiconductor businesses in the Phoenix area make it very attractive, and that’s the reason why Phoenix was selected to have SEMICON West. There’s great support from the city but having that large and very prosperous semiconductor community made it the right decision.” The event will attract thousands of global attendees and spotlight the state’s growing ecosystem of fabs, suppliers, and workforce development partners. (Phoenix Business Journal)
Private investment firms like Raven3 are also playing a key role by channeling capital into tech-adjacent infrastructure and commercial developments that support the semiconductor ecosystem. Their strategic focus on innovation districts and supplier networks is helping to accelerate Phoenix’s transformation into a global chip powerhouse.
Together, these developments underscore Phoenix’s emergence as a semiconductor capital powering innovation, job creation, and long-term economic influence in one of the most strategically important industries of the decade.
Logistics and Distribution Growth in East Valley
The East Valley continues to establish itself as a logistics and distribution powerhouse, with new developments supporting the region’s rapid population growth and demand for next-day delivery infrastructure.
In July 2025, Potato Barn, a home furnishings company known for its curated rustic-modern decor, announced plans to build a new distribution warehouse near Mesa’s Bell Bank Park, one of the largest sports and entertainment complexes in the region. The new facility will allow Potato Barn to expand its retail and e-commerce capabilities, improve delivery efficiency, and support its growing Arizona footprint.
According to the Phoenix Business Journal, the warehouse will serve as both a regional fulfillment center and a base for local deliveries, positioning the company to meet the logistical needs of customers across Phoenix, Tucson, and nearby southwestern markets. (Phoenix Business Journal)
The project is being backed in part by Raven3, a private investment firm focused on high-growth commercial assets. Raven3’s involvement underscores the East Valley’s attractiveness to institutional capital seeking to capitalize on the intersection of population growth, e-commerce acceleration, and infrastructure expansion.
This project highlights the ongoing shift toward strategically located, mid-size distribution hubs in cities like Mesa and Gilbert—allowing brands to keep up with rising expectations for fast shipping and flexible inventory management while supporting local job creation.
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