Amkor Technology, Inc. (Arizona)

Credit: CHIPS for America

On July 26, 2024, Biden-Harris Administration announced that the U.S. Department of Commerce and Amkor Technology, Inc. have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $400 million in proposed direct funding under the CHIPS and Science Act. 

• This proposed funding would support Amkor’s investment of approximately $2 billion and 2,000 jobs in a greenfield project in Peoria, Arizona, which will provide full end-to-end advanced packaging for the world’s most advanced semiconductors for applications in high-performance computing, artificial intelligence, communications, and automotive, end markets.
• Amkor's use of 2.5D technology is foundational for meeting the rapidly increasing demand for generative AI products and services as it is the final step in the manufacturing of graphic processing units (“GPUs”) for high-performance computing applications and other AI chips. 
• When fully operational, Amkor will package and test millions of leading-edge chips serving autonomous vehicles, 5G/6G smartphones, and large-scale datacenters across a range of customers.
• As part of Amkor’s commitment to develop talent locally and across the U.S., they have partnered with Arizona State University, Grand Canyon University, Northern Arizona University, Maricopa Community College, Purdue University, Western Maricopa Education Center. These partnerships build upon the Biden-Harris Administration’s Investing in America Workforce Hub in Phoenix to create pipelines to good jobs.