Amkor Technology Unveils Revised Plans For the Location of Its New Semiconductor Facility In Arizona

Amkor Technology Inc. (NASDAQ:AMKR) is one of the 12 Best Semiconductor Equipment Stocks to Buy Right Now. On August 28, Amkor Technology Inc. (NASDAQ:AMKR) announced revised plans for the location of its new semiconductor facility in Arizona.

Amkor is set to construct its new semiconductor advanced packaging and testing facility on a 104-acre site within the Peoria Innovation Core, in north Peoria, Arizona. Amkor will work with TSMC and other major semiconductor firms as part of Arizona’s growing semiconductor ecosystem. The company will focus on advanced, high-volume manufacturing for industries such as computing, communications, and automotive.

“As the largest advanced packaging company in the U.S., Amkor is proud to invest in U.S. semiconductor manufacturing and strengthen the U.S. semiconductor supply chain. This new site offers the flexibility to meet growing customer demand and reinforces our commitment to the U.S.-based chip manufacturing,” said Giel Rutten, Amkor’s president and CEO.

The Peoria City Council approved a land swap and a development agreement, allowing Amkor to exchange its previously nominated 56-acre parcel within the Five North at Vistancia community. Construction on the site is expected to begin soon, with production expected to start in early 2028.

Amkor Technology Inc. (NASDAQ:AMKR) offers outsourced semiconductor packaging and test services. The company designs and develops packaging and test technologies focused on advanced packaging solutions, including AI.

While we acknowledge the potential of AMKR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.