Amkor Technology Supports Peoria's Land Acquisition for New Semiconductor Facility Development

Reuters

Aug 28

Amkor Technology Supports Peoria's Land Acquisition for New Semiconductor Facility Development

Amkor Technology, Inc. has expressed strong support for the City of Peoria's successful acquisition of 834.5 acres of State Land, marking a significant step towards the development of a large outsourced semiconductor packaging and test facility. Amkor's president and CEO, Giel Rutten, indicated that, pending City Council approval, construction will commence immediately on what will become the largest facility of its kind in the U.S. This multi-phase investment will be crucial in fortifying the semiconductor supply chain, benefiting industries such as high-performance computing, communications, and automotive. The land, part of the Peoria Innovation Core, includes a 104-acre parcel specifically allocated for Amkor's advanced facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amkor Technology Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250827068508) on August 27, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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