The US microchip industry is set to expand in Arizona, thanks to a $400 million grant awarded to Amkor Technology Inc. for its planned complex in Peoria. The funding, part of the CHIPS Act, will support the assembly and testing of microchips for the semiconductor industry.
Rep. Ruben Gallego announced the news on Friday, stating that it solidifies the preliminary agreement Amkor signed with the US Department of Commerce in July. The grant follows the company’s recent acquisition of 56 acres of land to build its $2 billion project.
When complete within the next decade, the complex will support companies like Apple Inc. and Taiwan Semiconductor Manufacturing Co., creating around 2,000 jobs in the northwest Valley. The investment is seen as a major boost for Arizona’s economy and national security.
Gallego, who recently won his election to the US Senate seat, said he fought to pass the CHIPS Act to strengthen national security while creating thousands of good-paying jobs. He praised Amkor’s investment, saying it cements the Valley’s position as a hub for semiconductor innovation.
This latest grant comes as President-elect Donald Trump has proposed adding tariffs on imported semiconductors, potentially driving up costs for Americans. Arizona Sen. Mark Kelly has countered that tariffs would be detrimental to the industry, and instead praised Amkor’s investment, saying it will ensure critical technologies like artificial intelligence and autonomous vehicles are powered by chips made in the US.
Source: https://eu.azcentral.com/story/money/business/tech/2024/12/20/amkor-awarded-400-million-for-peoria-semiconductor-plant/77115185007