Mentioned:
The United States of America is getting their first advanced semiconductor packaging and testing facility. And a publicly traded company on the Nasdaq is behind it.
What’s happening:
- Amkor Technology (NASDAQ: AMKR) has officially started construction of their new semiconductor packaging and testing campus located in Arizona
Why it matters:
- This is the first ever high volume advanced semiconductor packaging and testing plant in the United States of America, with nearly all existing facilities operating outside North America
Going deeper:
- Amkor Technology’s new facility in Arizona is widely considered to be highly critical to securing the United States as a dominant leader in end to end chip manufacturing and not having to rely on other countries for advanced packaging capacity
- Amkor Technology has multiple existing large contracts with publicly traded technology giants including Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), TSMC (NYSE: TSM), AMD (NASDAQ: AMD) and others
The fine print:
- It is expected to take more than two years to fully build out Amkor Technology’s new campus in Arizona and no commercial operations are expected to occur for roughly three years
