Amkor Technology Announces Land Swap and Development Agreement for New Arizona Facility

Reuters

Aug 29

Amkor Technology Announces Land Swap and Development Agreement for New Arizona Facility

Amkor Technology Inc. announced a revised plan for its new semiconductor advanced packaging and test facility in Peoria, Arizona. The company secured a 104-acre site within the Peoria Innovation Core, following a land swap approved by the Peoria City Council. This transaction allows Amkor to exchange its previous 56-acre parcel in the Five North at Vistancia community. Construction on the new facility will commence shortly, with production anticipated to begin in early 2028. This move represents a $2 billion investment and is expected to create 2,000 new jobs, reinforcing Peoria's role in the U.S. semiconductor supply chain.

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: 20250828146023) on August 29, 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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