Amkor Technology announced a $2 billion investment in Peoria, AZ

Amkor Technology announced a$2 billion investment to build an advanced packaging and test facility in Peoria, supported by more than $ 400 million in CHIPS Act incentives .

The project is expected to create 4,000 jobs and expand U.S. capacity in an area long dominated by Asia.

The facility will focus on advanced 2.5D packaging technologies for high-performance computing and consumer electronics, positioning Arizona as a critical hub for semiconductor resilience. Amkor will also partner with Arizona State University and local colleges to strengthen the region’s workforce pipeline. With Intel, TSMC, and now Amkor expanding operations, Arizona is emerging as one of the most significant semiconductor clusters in the U.S., combining front-end wafer production with back-end packaging and testing. 📩 For more analysis on Arizona’s growing innovation economy, subscribe to the Silicon Oasis Magazine .