ASM International to invest $300 mln in Arizona expansion

AMSTERDAM/PHOENIX: ASM International NV, a supplier to computer chip makers, will invest $300 million in expanding its research and development (R&D) operations in Arizona, the company’s largest R&D hub, it said on Tuesday.

CEO Benjamin Loh said the decision was made in part due to ASM’s current presence in Arizona, and in part due to the state’s growing importance as a semiconductor manufacturing hub.