Amkor Secures $400 Million Boost Under US Chips Act for $2 Billion Plant in Arizona

Amkor Technology, a leading OSAT (Outsourced Semiconductor Assembly and Test) specialist from Korea, has made significant strides in expanding its operations in the United States. Under the US Chips Act, Amkor has been awarded an impressive $400 million, alongside a loan of up to $200 million and a generous 25% tax credit on infrastructure investments. This financial support will play a critical role in the establishment of a state-of-the-art $2 billion test and packaging plant in Peoria, Arizona.

This investment is a testament to the growing importance of semiconductor manufacturing in the U.S. It aims to bolster domestic production capabilities and address supply chain challenges that have emerged in recent years. With the new facility, Amkor plans to enhance its test and packaging processes, contributing to the overall resilience and competitiveness of the semiconductor industry.

The Peoria plant is expected to create thousands of jobs, fostering economic growth in the region and positioning Arizona as a key player in the global semiconductor landscape. This move not only highlights Amkor’s commitment to innovation and efficiency but also underscores the significance of government support in advancing critical infrastructure projects.

As the demand for semiconductor solutions continues to rise, Amkor’s expansion aligns perfectly with the goals of the US Chips Act, reinforcing the nation's semiconductor ecosystem and ensuring a stable supply of cutting-edge technologies for various industries.

In summary, Amkor's $2 billion investment in Arizona marks a pivotal moment for the semiconductor industry, promising job creation, technological advancement, and enhanced national security in the supply of essential electronics.