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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Amkor Technology Inc | NASDAQ:AMKR | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.23 | -0.59% | 38.86 | 38.80 | 40.98 | 39.52 | 38.75 | 39.29 | 1,508,769 | 01:00:00 |
From Jun 2023 to Jun 2024
By Will Feuer
Amkor said it plans to invest about $2 billion in developing a new chip-packaging and test facility in Peoria, Ariz., that will serve Apple.
The finished facility will employ some 2,000 people, Amkor said, and it will be the largest outsourced advanced packaging facility in the U.S.
Amkor said it worked closely with Apple on the strategic vision and initial manufacturing capability of the facility, which will package and test chips produced for Apple at a nearby TSMC fab. Amkor said that when the new facility opens, Apple will be its first and largest customer.
"Apple is committed to help build a new era of advanced manufacturing, right here in the U.S.," Apple Chief Operating Officer Jeff Williams said.
The first phase of the manufacturing plant is expected to be ready for production within the next two to three years, Amkor said. The company said it has applied for CHIPS funding.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
November 30, 2023 09:34 ET (14:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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