Amkor Technology, Inc. will receive up to $400 million in direct funding from the CHIPS and Science Act to establish an OSAT (outsourced semiconductor assembly and test) facility in Peoria, Arizona. The company, which specializes in semiconductor packaging and test services, recently signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce, which will also grant Amkor access to $200 million in proposed loans. Additionally, Amkor will apply for the Department of the Treasury’s Investment Tax Credit. Amkor will invest $2 billion into the new facility, creating 2,000 new jobs in the process. Phase one of the project is expected to be completed within the next three years.  

What people are saying

In a recent quote, Giel Rutten, Amkor’s president and chief executive officer, said, “Amkor is proud to be the leading advanced packaging and test OSAT headquartered in the US, and today’s announcement underscores our commitment to grow America’s domestic semiconductor ecosystem. Amkor’s Arizona facility will enable us to support the growing semiconductor manufacturing community—while creating 2,000 good jobs—and we look forward to providing our customers with domestic advanced packaging and test capabilities. Advanced packaging is an essential component of semiconductor innovation and manufacturing, and we appreciate our partners at the Department of Commerce for recognizing the importance of this sector as they work to support our industry.”  

U.S. Secretary of Commerce Gina Raimondo added, “The leading-edge chips that will be packaged right here in Arizona are foundational to technologies of the future that will define global economic and national security for decades to come. Thanks to the Biden-Harris Administration, and Amkor’s investments in the U.S., this proposed funding would enhance our supply chain security, create thousands of jobs in Arizona, and further position the United States to out-innovate, out-build, and out-compete the rest of the world.”  

Manufacturers investing in Arizona

CarbonCapture to open world’s first direct air capture facility in Arizona 
The facility will be operational in 2025, and is expected to produce 4,000 modules per year.

XNRGY breaks ground on $300 million manufacturing facility in Arizona 
The complete, four-phase project will feature a $300 million capital investment and will result in a 1,000,000-square-foot sustainable manufacturing hub.

TSMC receives $6.6 billion from CHIPS Act and announces third fab in Arizona
Additionally, TSMC may receive up to $5 billion in loans from the U.S. government.

Manufacturers receiving funds from the CHIPS Act

GlobalWafers receives $400 million from CHIPS Act to increase production of silicon wafers in Texas and Missouri 
The company signed a non-binding preliminary memorandum of terms (PMT) with the U.S. Department of Commerce to help onshore critical semiconductor wafer production.

Rogue Valley Microdevices receives $6.7 million from Chips Act to build new foundry in Florida 
It’s estimated that this new facility will nearly triple RVM’s manufacturing capacity.

Entegris receives $75 million from CHIPS Act to build Colorado facility and support the semiconductor supply chain 
Operation at the plant is expected to begin in 2025, with 600 new jobs being created in the process. 

Investing in American manufacturing in 2024

This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.