More Innovation Coming To ASU Research Park
Major News for ASU Research Park and the entire region:
The Arizona State University (ASU) Research Park in Tempe will be the site of a new national semiconductor research and development facility, marking a significant advancement for both the local area and the broader region.
With this announcement, Arizona State University’s Research Park is about to become a major hub for semiconductor innovation.
This project, backed by the CHIPS and Science Act, will establish a leading-edge prototyping and advanced packaging research and development center.
This means it will be a place where new ways of building and connecting semiconductor chips will be developed and tested.
This exciting development is expected to bring hundreds of new jobs to the area and attract billions of dollars in investment, significantly boosting the economy of South Tempe and the entire region. The new development will be located near the ASU MacroTechnology Works building that is already operational at the ASU Research Park.
ASU is now at the forefront of semiconductor technology, solidifying the state’s growing reputation in this huge industry!
Location and Purpose:
ASU Research Park: The facility will be located in Tempe, Arizona, adjacent to ASU’s MacroTechnology Works building.
- Purpose: It will serve as a flagship for semiconductor advanced packaging, focusing on research, development, and prototyping. This is part of the CHIPS for America initiative, aimed at strengthening the U.S. semiconductor supply chain and advancing cutting-edge technology. Economic Impact: Job Creation: The facility is expected to generate hundreds of new jobs, directly supporting local employment and economic growth. Investment: It will bring billions of dollars in investment, significantly boosting the economic landscape of South Tempe and Arizona.
Key Features:
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Research and Prototyping: It will be the first facility in the world to combine 300mm front-end semiconductor manufacturing with advanced packaging research, bridging the gap between lab research and full-scale production.
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Operational Timeline: The facility is anticipated to be operational by the fourth quarter of 2028.
Partnerships and Support:
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ASU’s Role: ASU will be a key partner in the construction, launch, and operations of the facility, promising new investments in faculty and educational technologies for semiconductor training.
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Government and Industry Backing: Supported by the CHIPS and Science Act, with endorsements from figures like ASU President Michael Crow, who highlighted this as one of the largest investments in national labs since the Manhattan Project.
Broader Implications:
This development positions Arizona as a global hub for semiconductor innovation, fostering a robust ecosystem that includes both research and commercial applications. It’s a testament to Arizona’s growing prominence in the tech sector, particularly in microelectronics, and will further enhance the state’s reputation in advanced manufacturing and innovation.
ASU Research Park – A Few More Facts:
Here is some info we have as of January of 2025:
- The Research Park was established in 1984 (property was previously an ASU experimental farm since 1956)
- 320 gross acres
- 236 net acres excluding rights of way, lakes and common areas
- 5.46 acres remaining for development
- 26 completed buildings, consisting of 2.3M square feet
- 52 companies with approximately 6,000 employees
- Notable tenants include:
- Iridium
- Viasat
- Applied Materials
- Deca Technologies
- ASU Macrotechnology Works
- The Research Park was selected in January 2025 to be the home of one of three flagship research and development facilities operated by the National Center for the Advancement of Semiconductor Technology
- $1.1 Billion investment, primarily from CHIPS act
- Natcast facility will locate here
- Once complete, it will be the most advanced center for microelectronics Research and Design in the United States.
- ASU Research Park Economic Impact (per 2022 EDPC study):
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- Total revenues-to-date for the ASU Research Park are estimated $1.1 billion. This includes $37.9 million in construction related taxes and $1.1 billion in operating revenues.
- Cumulatively, over the next 30 years, the ASU Research Park project is expected to generate an estimated $1.9 billion for the State, County and City of Tempe. ($123.5 million to Tempe)
- Gross revenues from operations provide funding to ASU of over $6 million/year
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ASU Reaearch Park – Another Spark For Area Growth
The ASU Research Park is located just west of the 101 Freeway between Elliot and Warner Roads. The dynamic part of town known as South Tempe has been seeing very strong demand for luxury homes for a long time now. Many of us believe there is still a lot of upside for luxury homes in the area.
People looking for non-cookie cutter homes that are not “right on top of each other” can find that here. The area has kind of been a “hidden gem” when it comes to custom homes.
Will South Tempe Incomes Continue To Climb?
South Tempe’s 85284 zip code was recently named one of the top 5 wealthiest zip codes in the valley. (2024) It makes sence that we see higher home prices in South Tempe as this number has grown. This location, location, location is being noticed and people seem to like what they see. We can’t blame them!
With many major employers and a location that is basically surrounded by freeways, it seems like the area has a lot of upside. New construction on infill lots has been brisk. Residential teardowns and major remodeling projects are happening all the time. Smart money over flashy money seems to be a way of life here, too.
With major job growth in semi conductors, insurance, banking and more, South Tempe is looking good to many people. Of course, most people around here love their small businesses, too!
The amount of “non chain” restaurants to try are plenty, and growing. Good schools, good restaurants, tons of parks, etc. all help make the area desireable, as well.
Homes Near the ASU Research Park:
Many types of homes can be found near the ASU Research Park. From fairly modest patio homes to large, multi-million dollar estates.
Some of our favorite neighborhoods near the ASU Research Park are places like:
Circle G Ranches: Custom homes with many multi-million dollar properties.
Estate La Colina: A really nice neighborhood near McClintock and Warner.
Alta Mirada: Some of our favorite townhomes in the area.
Warner Estates: More custom homes on large lots. An amazing community!
Buena Vista Ranchos: Giddy up, yall! This community has some great features. Don’t miss it!
That’s just a small sample of some of the neighborhoods located nearby.
If you would like more information about this dynamic area, please feel free contact local expert, Nick Bastian. Nick can be reached at 602-803-6425.
Homes Near ASU Research Park
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