JETRO AnnouncementsMemorandum of Understanding Signed between Arizona State University, Arizona Commerce Authority, Greater Phoenix Economic Council and JETRO －Promoting Collaboration in R&D and Human Resource Development in Semiconductors and Related Fields

In an agreement aimed at strengthening collaboration in key Arizona industrial sectors such as semiconductor manufacturing, a Memorandum of Understanding (MOU) has been finalized between the Japan External Trade Organization (JETRO), Arizona State University (ASU), the Arizona Commerce Authority (ACA), and the Greater Phoenix Economic Council (GPEC) on March 4, 2026.

The number of Japanese companies entering Arizona has steadily increased and in 2024, trade volume between Japan and Arizona reached a record high, further solidifying the economic relationship between the two regions. JETRO, ASU, a leading public research university, ACA, the state’s investment promotion agency, and GPEC, an economic development organization in the state’s largest metropolitan area, have previously collaborated on various initiatives in recent years, including mission dispatches.

Arizona has emerged as a strategic hub for the semiconductor industry, driven by strong industry-government-academia collaboration, particularly in R&D and advanced packaging capabilities in the semiconductor back-end process. Japan, meanwhile, continues to lead in materials and manufacturing equipment for advanced packaging, with semiconductor ecosystems developing across various regions of the country.

Looking ahead, the newly signed MOU will accelerate collaboration between Japan and Arizona in R&D, human resource development, and workforce development in key industrial sectors, including the semiconductor field, which is a driving force of the state's industry. It will support technological exchange and human resource development partnerships involving Japanese companies, universities, and local governments, and will jointly organize events and programs to facilitate this collaboration among the four parties.

Through this partnership - leveraging JETRO’s nationwide network connecting regional industrial ecosystems in Japan, ASU’s research expertise in Arizona’s key industries, and ACA and GPEC’s broad network of companies across the state - the development of robust industrial ecosystems in both Japan and Arizona will be actively supported.

“This MOU signing marks an important milestone in strengthening Arizona’s partnership with Japan,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “Through this collaboration, we are deepening our shared commitment to advance innovation, attract investment and expand semiconductor collaboration opportunities, and we’re grateful to JETRO, GPEC, and ASU for their partnership.”

“As the relationship between Japan and Arizona grows, we’re excited for the opportunities presented by this MOU to coordinate new programming, research and business expansion,” said Christine Mackay, President & CEO of the Greater Phoenix Economic Council. “JETRO has been an excellent partner over the past several years, and through continued collaboration, our markets will find mutual progress in the development of advanced technologies.”

“Collaboration is extremely important in a time of rapid change and ASU is eager for the opportunity to provide its resources to the state of Arizona alongside the Arizona Commerce Authority and GPEC to advance this new opportunity with JETRO”, said Sally C. Morton, Executive Vice President for ASU's Knowledge Enterprise. “This agreement puts together a team that has a track record of making impact and together we will focus on maximizing the momentum established through the work of the past several years. ASU looks forward to being of service to Arizona and deepening our connections with colleagues in Japan.”

“We are honored to sign this memorandum of understanding. Since 2022, JETRO has dispatched multiple missions to Arizona to assess the investment environment for Japanese companies in the semiconductor sector, supporting exchanges between Japanese firms and Arizona's rapidly growing semiconductor ecosystem,” said Akira Kajita, Chief Executive Director, Japan External Trade Organization (JETRO) Los Angeles. “With this memorandum, we strongly anticipate further technological innovation in the semiconductor back-end process field; an area in where Japan excels, as well as strengthening of the industrial foundation between Japan and the United States.”