VIRGINIA’S BUSINESSCASE FOR THE
SEMICONDUCTOR
INDUSTRY
January 2023

WHY VIRGINIA?
America’s top state for talentThriving ecosystem and dynamic center of innovation
Attractive, stable, and predictable operating environment
Exceptional quality of life
Robust portfolio of project-ready sites

1Volvo Trucks North America, Pulaski County
2

VA IS AT THE INTERSECTION OF
MANUFACTURING & TECHNOLOGYSouthern Manufacturing

Northern Technology

3

VIRGINIA HAS EXPERIENCE ASSISTING SEMICONDUCTORMANUFACTURERS LIKE MICRON▪

Micron, who has been in Manassas since
2002, announced they were seeking an
expanded facility for manufacturing memory
chips, including those used in self-driving
vehicles▪

Virginia took a collaborative approach
involving local and state leaders, utility
partners, and Micron itself▪

Northern Virginia Community College added
mechatronics and engineering technology
degree programs and opened a fabricationlaboratory (Fab Lab) on the Manassas
campus▪

The City of Manassas procured a new
storage tank and began the cutting-edge
practice of retaining and jettisoning waste sothat Micron did not disturb its fixed sewage
capacity
Micron, Manassas4VIRGINIA HAS EXPERIENCE ASSISTING SEMICONDUCTORMANUFACTURERS LIKE MICRON (CONTINUED)▪

Dominion Power, the utility provider for thetwo sites, provided a contractual agreement
to Micron that would ensure reliability andredundancy while keeping costs affordable▪

The Commonwealth of Virginia prepared acustom performance grant of $70M which
would be paid over two years▪

Micron chose the City of Manassas due tothis collaborative approach and will becreating 1,100 net, new jobs and investing$3B▪

The Micron Foundation also donated $1M tosupport STEM and STEM-related diversity
programs

Micron, Manassas
56VIRGINIA TECH IS BRINGING THE FUTURE OF INNOVATION TO THE
COMMONWEALTH
Virginia Tech prepares students for development in thesemiconductor industry through new coursework▪ Virginia Tech offers a B.S. in electrical and computerengineering with a major in Chip-Scale Integration. Themajor prepares students with courses such as Digital
Design, VLSI Circuit Design, and Semiconductor Device
Fundamentals. Students also complete real world
research experience with leading semiconductor
customers like Texas Instruments and Lockheed Martin▪ The VT MEMS Lab pursues research in MEMS,
nanotechnology, and microfluidics▪ The Center for Power Electronics Systems (CPES)
partners with industry leaders to transform electronics,
resulting in technology incorporated in virtually every
device, including voltage regulators in microprocessors
and mobile electronics▪ Virginia Tech is at the industry forefront with its proposed
Center for Advanced Semiconductor Education andResearch which would bring together industry partners
and the university to deliver bleeding-edge research,innovation, and collaboration▪ Virginia Tech’s Electrical and Computer Engineering(ECE) Department at VA Tech is ranked top in theworld, and the computer science engineering program isranked #4 nationally (American Society of Engineering
Education)
Virginia Tech

Source: Institutional websites

7

The Virginia
Microelectronics
Consortium (VMEC)
facilitates university
industry research
partnerships across theCommonwealth.
▪

Founded in 1997, VMEC
addresses the educational,
training, and research needs ofthe Commonwealth’s
microelectronics industry andcontributes to the developmentof Virginia as a location ofchoice for the microelectronics
industry▪

Since its foundation, VMEC
has supported 327 VMEC
scholars, at least half of whom
have pursued microelectronics
careers in the Commonwealth▪

During the same period, VMEC
has funded over 75 seedprojects with grants totaling$1 million

Source: Institutional websites; VASEM
ReportVMEC Research Partners

8

A Top Statefor Business
Virginia has been
consistently ranked as a
top state nationally to dobusiness, with friendly tax
and regulatory policies

9VIRGINIA OFFERS AN EXCEPTIONAL QUALITY OF LIFE
Virginia offers a diverse range of lifestyle options, a mild, four-season climate, and acompetitive cost of living. Vibrant urban centers and picturesque small towns are alive witharts and culture and stunning landscapes. Outdoor enthusiasts can take advantage of a wide
variety of beautiful outdoor settings, from mountains and hiking trails to beaches and rivers.

(From Left) Skyline kayaking, Richmond; Biking, Botetourt County; Sandbridge, Virginia Beach; Lewis Ginter BotanicalGarden, Henrico County10We will want to get BI’s input on which sample
sites to include in following slides

Shovel-ready industrial sites
accommodate aggressive
production timelines andinfrastructure needs

Southern Virginia Megasite at Berry Hill
11VIRGINIA’S SITE INVENTORY INCLUDES OVER 100 SITES OF 100
ACRES OR LARGER SPANNING THE COMMONWEALTH

Source: VEDP Sites and Buildings Database, August 2022

12

VIRGINIA OFFERS AN ARRAY OF INCENTIVE PROGRAMS TO SUPPORTNEW AND EXPANDING BUSINESSES
Virginia’s incentive programs reduce the costsof opening or expanding a business facility, andwe work enthusiastically to assist employers
who choose to put down roots and grow in theCommonwealth.
Dependent upon specific project needs as well asinvestment and job creation, incentive packages
may include:▪ Cash performance grants▪ Site and infrastructure improvement cost offsets▪ World-class and comprehensive workforce
solution▪ Services and funding to offset human resource
development costs▪ Various other state and local tax exemptions andabatements

Virginia State Capitol

13

VEDP OFFERS CUSTOMIZED SERVICES AND SOLUTIONS TOSUPPORT A COMPANY’S GROWTHVEDP provides:
A single point of contact in Virginia
Site selection assistance
Coordination of site visits with local stakeholders

Tailored research (e.g., cost of doing business comparisons, state benchmarking)Customized incentive proposals
International trade services
Talent solutions

14

THANK YOU
Shelby Glover Zaricor
Director, Business Investment
Virginia Economic Development Partnership
Mobile: 804-317-2004
Szaricor@vedp.org