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Stock impact report

Amkor's semiconductor project in Peoria secures $400M in CHIPS Act grant [Yahoo! Finance]

Amkor Technology, Inc. (AMKR) 
Last amkor technology, inc. earnings: 4/27 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: amkortech.gcs-web.com/investor-relations
Company Research Source: Yahoo! Finance
Ruben Gallego announced Friday afternoon. The funding, coming from the CHIPS and Science Act , solidifies the preliminary agreement Amkor signed with U.S. Department of Commerce in July , and follows the Tempe-based company's recent acquisition of 56 acres of north Peoria land to build its $2 billion project. When complete within the next decade, the complex will support companies like Apple Inc. and the nearby Taiwan Semiconductor Manufacturing Co. It's also estimated to create about 2,000 jobs in the northwest Valley. “I fought to pass the CHIPS and Science Act because I knew it would strengthen national security while creating thousands of good-paying Arizona jobs. Two years later, it continues to benefit Arizona,” Gallego said in a press release. Gallego, a Democrat, won the election for the state's U.S. Senate seat in November. As a member of the U.S. House of Representatives, the lawmaker supported the bipartisan legislation that committed billions of dollars to bolster Show less Read more
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