TEMPE, Ariz. - Amkor Technology, Inc. (NASDAQ:AMKR) announced today it has acquired an additional 67-acre parcel adjacent to its existing semiconductor packaging and test campus in Peoria, Arizona.
The acquisition expands Amkor's Arizona footprint to 171 acres total. The company stated the additional land provides flexibility for future expansion to meet customer demand for advanced semiconductor packaging and test services.
Amkor's Arizona campus is being developed to support semiconductor packaging and test capabilities for artificial intelligence, high-performance computing, automotive, and communications markets. The company previously announced plans for what it describes as the first high-volume advanced packaging outsourced semiconductor assembly and test facility in the United States.
"Amkor's investment in Arizona represents a significant step in building advanced semiconductor manufacturing capacity in the United States," said Kevin Engel, president and CEO of Amkor Technology. "Our continued expansion in Arizona strengthens our ability to support customers with leading-edge packaging and test solutions while contributing to a more resilient global supply chain."
The company is hosting an Investor Day webcast on Thursday to discuss its strategic priorities and positioning in the semiconductor industry.
Amkor Technology describes itself as the world's largest U.S.-headquartered outsourced semiconductor assembly and test provider. The company offers packaging, wafer-level processing, and system-in-package solutions for applications including smartphones, data centers, artificial intelligence, automobiles, and wearables. With a market capitalization of $16.25 billion, the company stands as a prominent player in the Semiconductors & Semiconductor Equipment industry, according to Bond.az analysis. The stock currently appears overvalued based on Bond.az's Fair Value assessment, though seven analysts have recently revised their earnings upwards for the upcoming period.
The press release included forward-looking statements noting that actual results may differ materially from expectations regarding the Arizona campus timeline, costs, specifications, and potential sales or benefits.
In other recent news, Amkor Technology reported impressive financial results for the first quarter of 2026, surpassing both earnings and revenue expectations. The company achieved an EPS of $0.33, which exceeded the anticipated $0.22 by 50%, and generated revenue of $1.69 billion, outperforming the forecast by 9.74%. Additionally, Amkor Technology declared a quarterly cash dividend of $0.08352 per share, with the payout scheduled for June 23, 2026, to shareholders on record as of June 3, 2026.
In another development, Amkor Technology issued $1.15 billion in convertible senior notes due in 2031, under an indenture with U.S. Bank Trust Company. These notes do not bear regular interest, but special interest may accrue if specific conditions are not met. The issuance includes $150 million in notes following the full exercise of an option granted to initial purchasers. These recent updates reflect significant financial maneuvers and strategic decisions by the company.
