![]() An Arizona semiconductor test services provider based in Tempe has announced plans to build an extensive new production facility near the city of Peoria. Amkor Technology Incorporated was founded in 1968 and has production facilities across the globe, especially in the Asian countries of China, Japan, and Taiwan. Specializing in test services as well as semiconductor packaging, Amkor, billed as the only outsourced semiconductor assembly and test provider company in the country, plans to invest as much as $2 billion building the new packaging facility. The project has been a long time coming, the announcement of which follows upon months of discussions with local and state officials. “This is a huge step forward in reducing dependence on other countries in the microchip supply chain,” Arizona Senator Mark Kelly said of the Amkor announcement in a news release. “We are excited to lead the charge in bolstering America’s advanced packaging capabilities,” Giel Rutten, chief executive office of Amkor, remarked in announcing the new facility. “Semiconductor companies, foundries, and other supply chain partners understand the need to strategically broaden their geographical footprint,” Rutten continued in a statement. Amkor first set up shop in the Phoenix metro area in 1984, more than a decade after its initial launch under the leadership of entrepreneur businessman James Kim. By 2000, the company had more than 16,000 employees worldwide, and revenues of nearly $2 billion. Today the company has nearly twice that many employees, and revenues in excess of $7.1 billion. Amkor, financial columnist John Dorfman remarked earlier this year, has “shown impressive growth for the past decade, yet its stock sells for a modest valuation, eight times earnings.” The new Amkor facility near Peoria will be built on a 55-acre campus, and will include a central production space measuring just over 500,000 square feet. Work is expected to begin on the new facility no later than next year with a rough completion date of late 2025 or early 2026. Upon the announcement of the new Amkor facility, multinational technology company Apple Incorporated revealed that it was set to become the largest customer of the production plant. By Garry Boulard
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