Amkor’s $2 Billion Investment Elevates Peoria’s Tech Landscape with Advanced Semiconductor Facility
Photo courtesy of city of Peoria
Amkor Technology, Inc., a leader in semiconductor packaging and test services, has announced a transformative $2 billion investment to establish an advanced packaging and test facility in Peoria. This development is set to create approximately 2,000 new jobs, significantly boosting the local economy and positioning Arizona as a pivotal player in the American semiconductor industry.
Amkor, the sole U.S.-headquartered OSAT (outsourced semiconductor assembly and test) service provider with advanced packaging technology capability, plans for this facility to be the largest of its kind in the United States. This move aligns with the national effort to expand the U.S. semiconductor supply chain, a key focus for both the industry and the government.
Governor Katie Hobbs praised the initiative, highlighting its impact on national security and supply chain resilience. She noted the project’s alignment with Arizona’s longstanding leadership in advanced manufacturing. Her sentiments were echoed by Giel Rutten, president and CEO of Amkor, who emphasized the company’s commitment to strengthening America’s semiconductor capabilities and supporting a robust supply chain.
The new facility, spanning approximately 55 acres, will feature over 500,000 square feet of clean room space. The first phase is expected to commence production within two to three years. Amkor’s vision includes supporting key markets such as high-performance computing, automotive, and communications with high-volume, leading-edge technologies.
A strategic partnership has been formed with Apple, shaping the initial capability of the Peoria facility, which will package, and test Apple’s chips produced at the nearby TSMC fab. This collaboration cements Amkor’s position in a vibrant ecosystem of semiconductor manufacturers in Arizona, including TSMC, Intel, Applied Materials, and ASML.
The city of Peoria, the Arizona Commerce Authority, and government authorities have shown strong support for the project, recognizing its potential to revitalize the local high-tech sector and contribute to the Greater Phoenix metropolitan area’s economic dynamism.
Amkor’s initiative aligns with the objectives of the CHIPS and Science Act, a federal program designed to enhance U.S. competitiveness and innovation in the semiconductor industry. Amkor has applied for funding under this act, which will play a crucial role in the project’s success.
Amkor’s substantial investment in Peoria not only marks a milestone in the city’s technological advancement but also signifies a crucial step in bolstering the United States’ position in the semiconductor industry, promising economic growth and enhanced national security.
Hopewell Development Secures Major Leases at Cactus 101 Business Park in Peoria
Hopewell Development, a Canada-based firm, has successfully secured two significant leases at the Cactus 101 Business Park in Peoria, marking a substantial advancement in the area’s business landscape. The leases, totaling nearly 100,000 square feet, have been signed with LD Products Inc. and Clopay Corp.
The Cactus 101 Business Park, located at the strategic intersection of 91st Avenue and Cactus Road, just east of the Loop 101 and north of Grand Avenue, comprises a newly built infill project. It features three buildings with a combined space of 232,881 square feet, including a 92,615-square-foot building, a 75,234-square-foot building, and a 65,032-square-foot building.
Representing Hopewell Development in this venture are Melissa Marks, Brian Gleason, Bonnie Halley, and Danny Schuster of Colliers in Arizona. Gleason highlighted the project’s prime location along the Loop 101 as a key factor in securing leases with these national credit companies before the construction was even completed.
LD Products Inc., a leading online store for aftermarket printer ink and toner cartridges based in Long Beach, California, plans to occupy the entire 65,032-square-foot building for more than five years. This new location in Peoria will be LD Products’ second in the metro Phoenix area and its first in the West Valley. LD Products was represented by Michael White of Savills in this transaction.
Additionally, Clopay, a garage door manufacturer headquartered in Mason, Ohio, has signed a lease for nearly 30,000 square feet in the second building, leaving approximately 45,000 square feet still available. Clopay intends to use this space as its first distribution center in Arizona, further expanding its network of distribution centers across the United States. Jeff Hays and Sam Rutledge of Commercial Properties Inc. represented Clopay in this deal.
These leases at Cactus 101 Business Park signify a significant boost to the local economy in Peoria and mark an important step in the development of the area as a key business hub.
