Dutch Chip Company ASM to Build $324 Million US Base in Arizona

ASM International NV plans to invest $324 million (€300 million) in a new US headquarters in Arizona, furthering its international expansion in a state with an already-booming semiconductor economy.

The Dutch manufacturer of chipmaking gear is set to hire 500 people for the new facility in Scottsdale, Arizona, on top of more than 800 it already employs in the state. The company has had its US headquarters in Phoenix since 1976.

The move is part of a continuing push to expand ASM’s footprint around the world, even as growth slows in the chip industry. Chief Executive Officer Benjamin Loh said ...