Biden-Harris Administration Announces CHIPS Incentives Award with Amkor Technology to Bring End-to-End Chip Production to the U.S

Media Contact: Hannah Robinson, hannah.robinson [at] chips.gov

Today, the Biden-Harris Administration announced that the U.S. Department of Commerce awarded Amkor Technology Arizona, Inc., a subsidiary of Amkor Technology, Inc., up to $407 million in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. Amkor, the largest U.S.-based outsourced semiconductor assembly and test company (OSAT), is regarded as one of the global leaders in advanced packaging technology which is critical to supporting leading-edge clusters and helping meet the growing demand for AI chips. This award will directly support Amkor’s investment of approximately $2 billion in a greenfield advanced packaging and test facility in Peoria, Arizona and is expected to create an estimated 2,000 manufacturing jobs, and, at the peak of construction, more than 2,000 construction jobs. The award comes after the previously signed preliminary memorandum of terms, announced ...