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      What Accelerated Amkor (AMKR) Stock During Extended Trades

      By Fahim Awan

      Published on

      December 4, 2023

      9:02 AM UTC

      What Accelerated Amkor (AMKR) Stock During Extended Trades

      Amkor Technology, Inc. (NASDAQ: AMKR) witnessed a notable upswing of 4.74%, reaching $29.81 in the extended trading session on Friday. The closing figures for the regular session revealed a 1.03% ascent, settling at $28.46. This surge in AMKR stock was precipitated by a strategic initiative unveiled by the semiconductor packaging and test services company.

      Amkor (AMKR) has disclosed its blueprint to establish an advanced packaging and test facility in Peoria, Arizona. The comprehensive project, slated to demand an investment of approximately $2 billion, is envisioned to culminate in the employment of around 2,000 individuals at the innovative facility.

      Distinguished as the sole U.S.-based OSAT (outsourced semiconductor assembly and test) service provider boasting advanced packaging technology proficiency and extensive experience in high-volume manufacturing, AMKR anticipates that, upon fruition, this facility will stand as the largest outsourced advanced packaging establishment in the United States.

      Positioning itself at the forefront of fortifying the U.S. semiconductor supply chain, Amkor is poised to spearhead the enhancement of America’s advanced packaging capabilities. Recognizing the strategic imperative to diversify geographic presence, semiconductor companies, foundries, and supply chain collaborators perceive the significance of this move.

      The revelation of AMKR’s plans for a state-of-the-art advanced packaging and test facility in Arizona unequivocally signifies its commitment to fostering resilient supply chains and contributing to a robust American semiconductor ecosystem.

      In recent testimonies before Congress, Commerce Secretary Gina M. Raimondo underscored advanced packaging as a pivotal focus area in the U.S. government’s endeavors to revitalize domestic semiconductor manufacturing. The Commerce Department has expressly conveyed that cultivating robust capacities and capabilities in advanced manufacturing is a paramount priority, integral to the success of the CHIPS program.

      Amkor has acquired approximately 55 acres of land earmarked for the construction of an ultramodern manufacturing campus, encompassing over 500,000 square feet of pristine clean room space. The initial phase of the manufacturing plant is slated for readiness within the next two to three years, with AMKR aiming to deliver high-volume, cutting-edge technologies for advanced packaging and semiconductor testing, catering to critical markets such as high-performance computing, automotive, and communications.

      Significantly, Amkor collaborated closely with Apple in conceptualizing the strategic vision and initial manufacturing capacity of the Peoria facility. This facility is poised to package and test chips manufactured for Apple at the nearby TSMC fab. Upon commencement, Apple is anticipated to be the inaugural and principal client of this groundbreaking facility.

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