Amkor Technology’s New Semiconductor Facility in Peoria

Arizona’s Semiconductor Industry Grows with Amkor’s New Facility

Amkor Technology, a semiconductor packaging and testing company based in Tempe, Arizona, is shifting its planned $2 billion facility to a new site in Peoria, a move that is expected to create approximately 2,000 jobs. The new facility will occupy a 104-acre parcel within an 800-acre area of state land, located just northwest of Loop 303 and Lake Pleasant Parkway.

Peoria acquired the land in an Arizona State Land Trust auction for $46.7 million, which played a critical role in securing Amkor’s project. The original plan was for the facility to be built on a smaller 56-acre site in the Five North at Vistancia community. However, due to increased market demand and an expanded project scope that required more space, Amkor opted for the larger Peoria site.

Construction Timeline and Job Creation

Construction for the first phase of the facility is slated to commence in September 2025, with the completion of this phase expected by late 2027. The first phase includes a processing facility along with various supporting structures tailored to meet the demands of modern semiconductor packaging and testing.

The Peoria Mayor highlighted that collaboration with Amkor is poised to yield 2,000 high-quality jobs for the local community, a significant boost to the region’s economy.

Community Development in Five North at Vistancia

Alongside Amkor’s relocation, HonorHealth plans to establish an 8-acre medical campus at the original site in Five North at Vistancia. This facility is set to provide various healthcare services, including primary care, urgent care, and concierge services. Additionally, HonorHealth has acquired rights for a second 8-acre parcel for future expansion.

Furthermore, the Western Maricopa Education Center (West-MEC) will also be setting up a 5 to 7-acre campus in the Five North area, emphasizing education in medical and trade careers. The Peoria City Council is expected to vote on the West-MEC campus plan by the end of 2025.

Community Concerns and Planning Discussions

There were various community concerns regarding the original location of the Amkor facility, which included issues related to traffic congestion, safety, and the overall aesthetic impact on the neighborhood. Discussions with the city regarding the new site have been in progress since December 2024, aiming to address these concerns effectively.

Securing the land for Amkor’s facility was crucial to ensure that competing bids did not jeopardize the project. By winning the bid for the 834.5 acres, Peoria has taken a significant step toward strengthening its position in the burgeoning semiconductor industry.

Conclusion

The relocation of Amkor Technology’s semiconductor facility to Peoria marks a pivotal moment for Arizona’s semiconductor landscape and local economy. With the potential for thousands of new jobs and development of essential community services, this project is positioned to benefit both the technology sector and the surrounding community for years to come.