In a significant development for Peoria’s economic landscape, Amkor Technology has announced plans to construct a state-of-the-art semiconductor packaging and test facility within the city. This initiative is set to generate approximately 2,000 new jobs and represents a substantial $2 billion investment in the local economy.
The facility will occupy 104 acres of the recently acquired Core 2 property, part of an 834.5-acre land purchase by the city. This strategic move aims to strengthen the nation’s semiconductor supply chain by increasing domestic production capacity.
Mayor Jason Beck highlighted the project’s potential, stating, “This development positions Peoria as a key player in the global semiconductor industry, bringing high-quality jobs and fostering economic growth in our community.”
As the semiconductor sector continues to expand globally, Peoria’s proactive approach underscores its commitment to embracing international economic trends and leveraging them for local benefit.