Arizona's Economy: From Five C's to a Sixth – The Rise of Microchips
Okay, so Arizona's economy used to be all about the "five C's": cotton, cattle, citrus, copper, and that amazing climate. However, there's a new player in town, and it's poised to become a major force: chips – as in, microchips.
I'm talking about semiconductor manufacturing plants popping up all over the Phoenix area. It's quite something to see; these huge facilities are surrounded by freshly paved roads with names that scream "tech," like Processor Parkway and Transistor Terrace.
And, get this: developers are already planning new residential and industrial areas near these plants, thinking ahead to the wave of workers who'll need places to live and work. These mixed-use zones will be like modern versions of the old company towns.
Thomas Maynard, who knows a thing or two about business development in the area, even thinks "chips" should be the sixth C to define Arizona's economy. It's a bold claim, but considering the investment and growth, it doesn't seem too far-fetched.
Source: The Verge