Amkor Technology increases Peoria investment to $7 billion 

January 27, 2026 - 02:45

Semiconductor powerhouse Amkor Technology has dramatically scaled its commitment to a new advanced packaging and testing facility in Peoria, Arizona. The company has announced a monumental increase in its planned investment, now targeting a staggering $7 billion for the project.

This figure represents a 250% surge from the facility's original budget, signaling a massive vote of confidence in both the Peoria site and the growing demand for U.S.-based chip manufacturing. The expansion is expected to significantly increase the scale and capabilities of the operation, which is critical for preparing cutting-edge semiconductors for use in everything from consumer electronics to automotive and aerospace systems.

The enhanced investment is poised to create a substantial number of high-tech jobs in the region, bolstering Arizona's position as a central hub in the domestic semiconductor supply chain. Construction on the facility is actively underway, with the first phase of production anticipated to begin in the coming years. This move underscores the broader industry trend of reshoring critical electronics manufacturing to ensure greater supply stability and technological sovereignty.