The Orange County Partnership, a leading economic development organization in Orange County, New York, is actively participating in a major semiconductor industry symposium in California to showcase the county as a prime location for investment. The symposium also provides an opportunity for the organization to gain valuable insights into the ever-growing semiconductor market, which is projected to reach a value of $1 trillion by 2030.
While several prominent companies like Micron, IBM, Global Foundries, and Onsemi have already announced multi-billion-dollar investment plans in Upstate New York, the Orange County Partnership aims to position Orange County as a key destination for semiconductor manufacturing investment. With its strategic location between New York City and Albany, Orange County offers shovel-ready sites with necessary infrastructure and proximity to major talent and semiconductor assets.
The President and CEO of the Orange County Partnership, Maureen Halahan, along with Conor Eckert, Senior Development Officer and Vice President of Business Attraction, are attending the three-day symposium to engage with key sector leaders and stakeholders from across the United States and around the world. They are the only representatives from downstate New York economic development organizations at the event.
Eckert emphasized the need for Orange County to actively market itself to businesses involved in the semiconductor manufacturing supply chain. This includes attracting packaging, assembly, testing, design centers, and equipment manufacturing operations that service major fab plants across the country, including those in upstate New York.
The global semiconductor industry is expected to experience significant growth in the coming years. According to SEMI, global semiconductor capacity is projected to increase by 6.4% in 2024, surpassing 30 million wafers per month for the first time. This growth is driven by increased demand for chips in various applications, such as generative AI and high-performance computing.
By participating in the symposium and positioning Orange County as an ideal investment destination, the Orange County Partnership aims to capitalize on the industry’s growth and secure a key role in the semiconductor supply chain. With shovel-ready sites, a skilled workforce, and a favorable location, Orange County is well-equipped to meet the needs of growing semiconductor businesses.
The source of the article is from the blog procarsrl.com.ar