ALT TSMC Arizona has completed construction of its second semiconductor fabrication plant in Phoenix, marking another milestone in the company’s $265 billion investment. The company also accelerated its schedule to begin producing advanced chips at the facility.

ALT Homebuilder D.R. Horton has signed a multiyear agreement with Promise Robotics to support construction of more than 1,250 homes using artificial intelligence and robotic manufacturing. Promise Robotics plans to launch production in early 2027 at potentially a Gilbert facility.

ALT Dapta is an artificial intelligence company serving small and medium-sized businesses (SMBs). The company secured $6 million in seed funding led by Chingona Ventures. Crew Capital, Broom Ventures and Cometa VC also participated, along with existing investors 500 Global and Fen Ventures. The investment follows a $1.4 million pre-seed round in 2024.

ALT Gilbert hosts its Sound Bites Music & Food Festival on Friday, October 9, 2026, at Gilbert Regional Park. The event runs from 4:30 to 10 p.m. and features live music from Blues Traveler, Spin Doctors and Phoenix-based rock band Wyves. Guests can enjoy local craft beers and food vendors offering barbecue, tacos, Sonoran hot dogs and more. The festival also features a happy hour from 4:30 to 6 p.m. at no extra charge. General admission costs $50 in advance or $60 at the gate. Children ages 11 and younger can attend free with a ticket. On-site parking costs $20 per vehicle. Recreational outlets at the park are closed during the festival.

ALT On National Coffee Day, a federal bankruptcy judge approved the $123.5 million sale of 63 Salad and Go restaurant leases to Brew Culture LLC. Brew Culture LLC is the direct parent company and operating entity behind drive-thru coffee chain 7Brew Drive Thru Coffee. The deal covers 36 Arizona locations, including 30 in Metro Phoenix and six in Tucson. The other locations are in Texas, Oklahoma, and Nevada.

ALT Downtown Goodyear continues to expand as GSQ (Goodyear Civic Square) adds six new shopping, dining and service businesses. Sephora, J.Crew Factory Outlet, Lovesac, Postino, Miel de Agave and V’s Barber Shop will join the mixed-use development near McDowell Road between 150th Drive and Bullard Avenue. Residents identified several of the new business tenants as top choices in a recent city survey. GSQ has also attracted Nordstrom Rack, CAVA, Fogo de Chão, California Fish Grill, Paris Baguette, Spinato’s Pizzeria and other businesses. Firebirds Wood Fired Grill, Magdalena and Flower Child plan to open before the end of the year. The growing tenant lineup strengthens GSQ’s role as a major shopping, dining and entertainment destination in the City of Goodyear.

ALT Cyclic Materials opened its first commercial-scale rare earth magnet recycling facility in Mesa, strengthening the domestic supply of rare earth elements and critical minerals. The company invested more than $30 million in the 144,000-square-foot facility, which will initially create more than 25 jobs. The plant can process up to 25,000 metric tons of end-of-life products containing magnets each year. Cyclic Materials will recover rare earth magnet concentrate through its Mag-Xtract™ process, along with critical materials such as copper, aluminum and steel. Federal, state and local leaders joined company executives to celebrate the facility’s grand opening.

ALT Amkor Technology, Inc. plans to add a second phase to its advanced semiconductor packaging and testing campus in Peoria, increasing the project’s total planned investment to about $12 billion. The company announced the expansion after strong customer commitments exceeded the 355,000 square feet of cleanroom capacity planned for Phase 1. Phase 2 will add about 646,000 square feet of cleanroom space, bringing the campus to more than 1 million square feet when completed. The expansion will significantly increase Amkor’s Arizona manufacturing capacity as demand for advanced semiconductor packaging continues to grow. In December 2023, Amkor unveiled its intent on developing a $2 billion facility in Peoria, with 2,000 jobs, built on approximately 55 acres of land.