Amkor explores ways to speed up work on $2 billion Peoria facility

Article originally posted on Phoenix Business Journal on April 29, 2025

Amkor Technology Inc. is evaluating options that could accelerate construction of its advanced semiconductor packaging facility in Peoria, the company’s top executive said on an earnings call Monday.

Tempe-based Amkor (Nasdaq: AMKR) is on track to break ground on the Peoria manufacturing facility in September, but the company is looking to scale up faster than initially anticipated to meet rising demand for semiconductor packaging and test services, Giel Rutten, president and CEO of Amkor said on the earnings call.

“Our last facility that we built in Vietnam took us 18 months from groundbreaking to equipment move in,” he said. “We expect that to be a little bit longer in Arizona, but we’re looking for ways and means with our contractors to accelerate that.”

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