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economic development

Peoria council unanimously approves Amkor development agreement

Could be a $2 billion investment in city, including as many as 2,000 new jobs

The city of Peoria has taken a step toward becoming an important stop on the Taiwan Semiconductor microchip supply chain in the northwest Valley.

Peoria City Council unanimously approved a development agreement with Tempe-based Amkor Technology Arizona Inc. Feb. 20 that outlines specific guidelines and timelines for completing the project.

Among other services, Amkor will package and test chips for Cuppertino, California-based Apple Inc. that nearby TSMC will manufacture at its north Phoenix fab, assuring a bulk of the process will happen close to the manufacturing point.

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