Tag Archives: semiconductor

technology

GPEC puts together a science and technology strategy

Even when the state was known for copper, cattle and citrus, Arizona has relied on being an innovator to drive its economy.

“Arizona’s economic position has historically been defined by science and technology,” says Steven M. Shope, president of Mesa-based Sandia Research Corporation, “especially if you look back to the 1940s and 1950s, when the state put a wealth of resources into attracting new technologies.”

Those efforts, Shope says, paid off and made Arizona a leader in the electronics, semiconductor, aerospace and defense industries.

“Now, we need more science and technology to transform Arizona into a knowledge economy and lift our productivity and export growth from below national average,” Shope says.

To help make that happen, the Greater Phoenix Economic Council (GPEC) has directed its Innovation Council — which is co chaired by Shope and Todd Hardy, associate vice president of economic affairs for Arizona State University — to study the community’s high-potential assets, look for commercialization opportunities and put together and science and technology strategy that will help drive a knowledge-based economy in Arizona. The backbone of that strategy will be building on the state’s existing strengths.

According to Sethuraman Panchanathan, senior vice president at ASU’s Office of Knowledge Enterprise Development, those strengths include the state’s world-class research universities, research centers and institutes, a large highly trained workforce, a vibrant entrepreneurship ecosystem, a concerted effort on improving business climate in the cities and the state, plans for rapid growth by existing science and technology businesses, and an enhanced quality of life.

“Our best strengths come from the companies already here — established businesses like Intel, Avnet, Boeing and Honeywell,” Shope says. “Arizona also has lower workforce costs and good transportation connectivity to other markets, both of which are attractive for science- or technology-based businesses.”

So how does Arizona tranlate those assets into further expansion and enhancement of the science and technology sectors?

“We’re already world leaders in solar research and development and manufacturing and there is still strong potential for innovation within our aerospace and electronics industries, as well as in healthcare and personalized medicine,” Shope says. “However, we need to fill in the gaps with regards to access to capital, markets and talent in order to realize that potential. GPEC’s Innovation Council is working to develop a strategy that leverages these resources, harnesses new ones and further diversifies our economy into these areas.”

Panchanathan says the key to creating a successful strategy will be, “Convergence of purpose between the various economic development entities in Arizona, securing investments that can be deployed to attract new businesses to Arizona, and creating incentives for attracting local and global businesses to Arizona.”

Already driving Arizona’s electronics sector is Intel, with its recent $5 billion expansion, and companies like Boeing and Honeywell are fueling the aerospace sector. Those three companies are driving innovation within our communities and their local supply chains, Shope points out.

Top develop its science and technology strategy, Shope says says GPEC’s Innovation Council is conducting a deep market analysis to identify long-term opportunities in science and technology, and learning how to target growth from initiatives in other regions. GPEC is building the business case among private leaders to establish focus and build resources around a few select initiatives.

“A well thought-out strategy should include building up each community’s unique assets and driving growth into new markets by establishing centers of excellence around emerging products and technologies,” Shope says. “Increasing funding to the universities for R&D is also critical, as is developing funding and resources for entrepreneurs. Educating the entrepreneur is also an important goal. In particular, R&D funding from federal sources, such as (Small Business Innovation Research) SBIR and (Small Business Technology Transfer Program) STTR, is an ideal mechanism for launching new technologies. However, this funding is becoming increasingly competitive. We need to be sure that Arizona small businesses can be highly competitive in these funding programs.”

Steptoe Celebrate 25 Years

Steptoe Celebrates 25 Years In Phoenix

Steptoe & Johnson LLP celebrated the 25th anniversary of its Phoenix office with a gala at the Orpheum Theater in Phoenix.  Clients and local dignitaries joined Steptoe lawyers from the Phoenix office and the firm’s other offices to celebrate the occasion.

Steptoe’s Phoenix office opened on January 1, 1987, and was the first regional office for the Washington, D.C.-headquartered firm, which today has nine offices, including three outside the United States.  The firm was initially drawn to the nation’s Southwest to handle federal government contracts work for the Arizona-based semiconductor division of a large national technology company.  While working on the lengthy project, Steptoe became familiar with the Phoenix business community and recognized the opportunities the Valley of the Sun presented.

Steptoe chair Roger E. Warin commented:  “The opening of the Phoenix office was the beginning of an evolution for Steptoe, as it marked the first time we were operating in a city outside Washington.  The office remains an integral part of the firm, with established practices that serve local, national and global clients and lawyers who work seamlessly with their counterparts in our other offices.”

Steptoe’s Phoenix office handles a broad array of matters, from labor issues for international retail conglomerates to libel issues for national newspapers and broadcasters.  Other noted practices include insurance coverage and bad faith defense, commercial litigation, corporate and real estate transactions, and state, local and federal taxation.

“For the past 25 years, we have enjoyed the support of the Phoenix business and legal communities, and we look forward to expanding and strengthening those relationships over the next quarter century,” said David Bodney, managing partner of the firm’s Phoenix office, whose media practice is profiled on the cover of the 2012 edition of Southwest Super Lawyersand who received the 2011 APS Peacemaker Award from Valle de Sol.

Steptoe’s Phoenix office also is home to former U.S. Representative John Shadegg, who represented northern Phoenix in Congress for eight terms before retiring from office in 2010 and joining the firm as a partner in March 2011, and Ambassador P. Robert Fannin, a senior counsel in the firm who was appointed by President Bush in 2007 to serve as the U.S. Ambassador to the Dominican Republic.  Former FERC Commissioner Marc Spitzer, who previously served in the Arizona State Senate and as chairman of the Arizona Corporation Commission, works from Washington, D.C. and Phoenix and represents energy clients in Phoenix and throughout the Southwest.

For more information on Steptoe & Johnson, visit Steptoe’s website at steptoe.com.

semiconductor

ON Semiconductor Announces Retirement Of Notes Due In 2024

ON Semiconductor Corporation announced the retirement of $96.2 million in aggregate principal amount of its remaining outstanding Zero Coupon Convertible Senior Subordinated Notes due 2024, Series B (CUSIP No. 682189AE5) (the “Notes”). ON Semiconductor has redeemed approximately $96.2 million in principal amount of the Notes at par using available liquidity.

“We are pleased to announce the retirement of approximately $96.2 million of ON Semiconductor’s Zero Coupon Convertible Senior Subordinated Notes,” said Donald Colvin, ON Semiconductor executive vice president and CFO. “With this redemption, ON Semiconductor will eliminate future potential share dilution associated with the Notes.”

ON Semiconductor is a premier supplier of high performance, silicon solutions for energy efficient electronics. The company’s broad portfolio of power and signal management, logic, discrete and custom devices helps customers effectively solve their design challenges in automotive, communications, computing, consumer, industrial, LED lighting, medical, military/aerospace and power applications. ON Semiconductor operates a world-class, value-added supply chain and a network of manufacturing facilities, sales offices and design centers in key markets throughout North America, Europe, and the Asia Pacific regions. For more information, visit http://www.onsemi.com.

For more information about ON Semiconductor, visit ON Semiconductor’s website at onsemi.com.