Amkor to build $2 billion semiconductor testing plant in Peoria. 2,000 jobs promised

You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value.  

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Russ Wiles  Arizona Republic  1130/024

Amkor Technology Inc., a leading provider of semiconductor packaging and testing services, said it plans to build an advanced facility in Peoria that could cost $2 billion, bring roughly 2,000 jobs and partner with another major chipmaking complex in the northwest Valley.

Tempe-based Amkor said it will package and test chips produced for Apple Inc. at the nearby Taiwan Semiconductor Manufacturing Co. complex near Dove Valley Road and 43rd Avenue.

Amkor said it has secured roughly 55 acres of land with the intent of building a state-of-the-art manufacturing campus with more than 500,000 square feet of clean room space. The first phase of the manufacturing plant is targeted to be ready for production within the next two to three years.

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“Groundbreaking is anticipated in the second half of 2024 with a target to begin production within two to three years,” said Christina Parsons, an Amkor spokeswoman, in an email. She didn’t specify the location but said the site was chosen based on factors including “available infrastructure, ability to increase scale on the site (and) increasing population and workforce in the West Valley.”  

TSMC is hiring thousands:What are the salaries for roles at the semiconductor facility?

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Focus on semiconductor packaging

Amkor ranks as one of Arizona’s larger public corporations with a stock market worth or capitalization of $7 billion. The company employs more than 31,000 people, though almost exclusively in Asia in countries such as Korea, China, Japan and Taiwan.

Amkor’s two largest customers are Apple and Qualcomm. Apple accounted for 20.6% and Qualcomm 10.1%. of Amkor’s $7.1 billion in revenue last year.

Amkor’s investment will help to broaden the global supply chain for the packaging or encasing of semiconductors into the many devices that they power, the company said.

Advanced packaging creates more efficient devices capable of processing large amounts of data quickly and in a power-efficient way. Packaging complements semiconductor manufacturing but has been largely overlooked until recent years, according to industry sources.

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“Advanced packaging is helping to meet the demand for semiconductors that run emerging applications now going mainstream — for example, 5G, autonomous vehicles and other Internet of Things technologies, and virtual and augmented reality,” said researcher McKinsey in a report. “These applications require high-performance, low-power chips that can rapidly process massive quantities of data.”

If semiconductors are the brains of modern electronic devices, the packaging would be the nervous system and skeleton, according to a description by electronics giant Samsung. Packaging connects semiconductors in a device, supplies electricity, helps to protect the chips and more.

Amkor describes itself as the only outsourced semiconductor assembly and testing company headquartered in the U.S. with advanced technology and high-volume manufacturing experience. Upon completion, the Peoria complex will be the largest such complex in the U.S. and will help broaden the geographic footprint of the industry, Amkor said.

“Expansion of a U.S. semiconductor supply chain is underway,” said Giel Rutten, Amkor’s president and CEO, in a statement. “As the largest U.S.-headquartered advanced-packaging company, we are excited to lead the charge in bolstering America’s advanced packaging capabilities.”

Technology boom:Take a look inside Intel’s Chandler expansion as feds prepare to award billions for semiconductors

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Connection to CHIPS Act

Arizona Senator Mark Kelly, a supporter and chief negotiator of the CHIPS and Science Act, hailed the announcement as one of the largest microchip investments for Arizona since the legislation was passed last year.

“This is a huge step forward to reducing dependence on other countries in the microchip supply chain,” Kelly said in a statement. “When negotiating the CHIPS and Science Act, one of my top priorities was making sure companies like Amkor had the support needed to develop a resilient supply chain in places like Arizona that are leading the way in bringing microchip manufacturing back to America.” 

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When will it open?5 things to know about Phoenix’s TSMC semiconductor plant

Rutten said the semiconductor industry understands the need to broaden its geographic footprint. The company intends to “help our customers ensure resilient supply chains and be a part of a strong American semiconductor ecosystem.” The company’s products are used in computing, automotive, communications and other industries.

Amkor, which was founded in South Korea in 1968 and which established a presence in the Phoenix area in 1984, said its new facility will position the company among a growing array of semiconductor manufacturers, suppliers and others with large operations here, including TSMC, Intel, Applied Materials and ASML.

Amkor said it has applied for federal funding under the CHIPS and Science Act, which was enacted to boost American competitiveness, innovation and national security in the semiconductor industry. As part of the $52.7 billion program, the federal government will award $39 billion to U.S. companies in competitive grants to manufacturers to finance construction, expansion and modernization of facilities and equipment, Amkor said, calling the funding critical to its Peoria project.

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Walter Unger CCIM – cell: 520-975-5207 –  walterunger@ccim.net

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FROM ME:  FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office  / Retail  / Industrial  / Multi-family /  please call me on my cell 520-975-5207 or e-mail me     walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net,  CCIM,  CREXi, Catylist, and various other web sites.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international

DISCOVER WHAT IS HAPPENING IN ARIZONA

History of Arizona from  900 BC – 2017 -Timeline.

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LOOKING FOR SELLERS AND BUYERS.  YOU MISS 100 PERCENT OF THE SHOTS YOU NEVER TAKE, AND IF YOU THINK IT IS EXPENSIVE TO HIRE A PROFESSIONAL TO DO THE JOB, WAIT UNTIL YOU HIRE AN AMATEUR.

Walter Unger CCIM – cell: 520-975-5207 –  walterunger@ccim.net

CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY

Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net

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Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

Walter Unger CCIM

Associate Broker

West USA Commercial Division

14350 N. 87th. Street, Suite 180

Scottsdale AZ, 85260

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

History of Arizona from  900 BC – 2017 -Timeline.

WHY PHOENIX? AMAZING!!!  POPULATION – IN 1950 THERE WERE 331,700 PEOPLE LIVING IN PHOENIX – “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THAT’S GOOD FOR THE ECONOMY, BUSINESS

History of Arizona from  900 BC – 2017 -Timeline.

WHY PHOENIX? AMAZING!!!  POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

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  • DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

Timeline of Phoenix, Arizona history

Phoenix, Arizona

Facts of Arizona – year 1848 to 2013

CLICK HERE:  Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.

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Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.

Walter Unger CCIM

Associate Broker

West USA Commercial Division

14350 N. 87th. Street, Suite 180

Scottsdale AZ, 85260

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME

CLICK HERE TO VIEW ALL MY LISTINGS. 

Also Call me if you need an estimated value of your Property.

Call me if you want to see a map with what is in the Construction Pipeline for Apartments.

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I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  If you have any questions about Commercial / Investment Properties in Phoenix or Commercial /  Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us. 

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