Amkor Technology Issues Statement Regarding City of Peoria Land Acquisition

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Very Positive)

Tags

acquisition

08/27/2025 - 04:09 PM

TEMPE, Ariz.--(BUSINESS WIRE)-- Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, today announced the City of Peoria, Arizona successfully bid as part of a State Land Auction to acquire 834.5 acres for future development. The land, which is part of the Peoria Innovation Core, northwest of the corner of Loop 303 and Lake Pleasant Parkway, includes a 104-acre parcel tentatively designated for Amkor Technology’s construction of an advanced semiconductor packaging and test facility. On Thursday, Peoria City Council will formally consider land-exchange and other agreements to facilitate Amkor’s development, initially planned for Five North at Vistancia.

“Amkor fully supports the City of Peoria in its successful acquisition of this State Land property,” said Giel Rutten, Amkor’s president and chief executive officer. “Pending City Council’s approval, we look forward to immediately beginning construction of what will be the largest outsourced semiconductor packaging and test facility in the U.S. Amkor’s multi-phase investment in facilities and equipment will play an integral role in securing the semiconductor supply chain essential for critical industries including high-performance computing, communications, and automotive.”

About Amkor Technology, Inc.

Amkor Technology, Inc. (Nasdaq: AMKR) is the world’s largest U.S. headquartered OSAT and is a global leader in outsourced semiconductor packaging and test services. With a strong track record of innovation, a broad and diverse geographic footprint and solid partnerships with lead customers, Amkor delivers high-quality solutions that enable the world’s leading semiconductor and electronics companies to bring advanced technologies to market. The company’s comprehensive portfolio includes advanced packaging, wafer-level processing, and system-in-package solutions targeting applications for smartphones, data centers, artificial intelligence, automobiles and wearables. For more information visit amkor.com.