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Amkor Signs Preliminary Memorandum of Terms with US Department of Commerce for Arizona Advanced Packaging and Test Facility
Jul 26, 2024•almost 2 years ago
Contract Type
partnership
TempeManufacturingSemiconductorsDescription
Amkor Technology, Inc. has signed a non-binding preliminary memorandum of terms with the US Department of Commerce to receive proposed funding as part of the CHIPS and Science Act. The company plans to build its first domestic OSAT facility in Peoria, Arizona, investing approximately $2 billion and employing approximately 2,000 people.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months