Tech in 2023: Promising Times for the Silicon Heartland

Dec 16, 2022 | Mid-Point, News, Trending

The Mid-Point by One America Works

For so many people in the tech sector, the end of 2022 can’t get here soon enough. I feel much the same way, but mostly because I’m excited about what 2023 has in store.

This week, the team at One America Works is highlighting some of the tech trends we’ll be watching in the New Year. Long story short: Despite the negative news of the past year and the continued challenges facing the tech sector as a whole, there’s good reason to believe that the people and places of the Silicon Heartland will keep moving forward.

For individual tech professionals, there’s a greater chance of finding work where they choose to live in 2023, either in a physical office outside the major coastal cities, through flexible work-from-home arrangements, or a combination of both.

For non-coastal tech hubs, major investments in semiconductor and clean energy manufacturing that started this year are likely to grow even further in 2023, as business leaders and policymakers recognize the need for more secure supply chains.

I do have some big questions going into 2023: How quickly will the venture capital community bounce back from an extremely challenging year? And which locations will VC firms prioritize as they climb out of their foxholes? 

As a long-time VC investor focused on non-coastal tech hubs, I’ve witnessed huge improvements in access to capital for startups in middle America over the past decade. In 2023, we’re going to find out how much that progress will stick, and how much we’ll have to rebuild. But whatever the outcome, I know the people and places of the Silicon Heartland will be ready to roll up their sleeves and get to work. 

From the entire One America Works team, Happy Holidays and thank you for your continued support.

Inside this issue

  • 2023 Tech Outlook: 3 Big Trends to Watch in the New Year
  • TSMC Triples Arizona Chip Factory Investment to $40 Billion
  • Hyundai, SK to Build New Battery Plant in Georgia
  • Virtual Robotics Recruitment: Last Chance to Register!
2022 Year in Review

This year was a powerful reminder that there’s more to the U.S. tech sector than the traditional tech hubs like Silicon Valley or Seattle. In 2022, as established regions and big-name firms stumbled, smaller cities and smaller firms in the American tech sector continued to rise. As this rollercoaster year comes to a close, the team at One America Works cannot wait to see what 2023 has in store for the communities of the Silicon Heartland. And while nobody has a crystal ball, here are three of the biggest trends we’ll be watching in the New Year. Read More

Pittsburgh on track for standout VC year

Before the first Arizona TSMC fab opens its doors in 2024, the company has already committed to building a second — and has announced that it will spend $40 billion on it. TSMC originally committed $12 billion to build an Arizona-based semiconductor fabrication plant in 2020, which was already a record investment for the company outside of Taiwan. “TSMC Arizona aims to be the greenest semiconductor manufacturing facility in the United States, producing the most advanced semiconductor process technology in the country,” said TSMC Chairman Dr. Mark Liu. Read More

Electric Battery Company Building $2.6B Plant in Atlanta

Hyundai Motor Group and SK On said Thursday they will build a new battery manufacturing plant in the U.S. state of Georgia to supply the Korean automaker’s U.S. assembly plants. The companies aim to begin operations in 2025 and said “stakeholders estimate it will create more than 3,500 new jobs through approximately $4-5 billion of investment” in Georgia’s Bartow County. Hyundai separately broke ground in October on a $5.54 billion electric vehicle (EV) and battery plant in Georgia’s Bryan County. Read More

OAW Event: Virtual Robotics Recruitment

Only a few days left to register for our Virtual Robotics Recruiting Event! Complete one application to get connected with several high growth companies like Astrobotic, Waymo, Duality and many more. Visit our events page to sign up and view our full list of partners. Register Here

One America Works is

a non-profit building a vision of the future where high-growth technology companies find the talent they need to grow and succeed in cities across America. Want to know more? Reach out to us at hello@oneamericaworks.org.