Amkor Technology Inc. is gearing up to break ground on a $2 billion semiconductor packaging facility in Peoria this September. Here’s what matters for Arizona real estate investors:
Key Highlights:
- Project Scope: 2 million-square-foot advanced semiconductor packaging facility in Peoria’s Vistancia community.
- Timeline: Groundbreaking scheduled for September 2025. Built in two phases on 55 acres.
- Funding:
- $500M loan secured to enhance liquidity.
- Over $400M in CHIPS Act grants pending.
- 25% capital expenditure tax credit in play.
- Client Pipeline: Major customers include TSMC, Apple, and Global Foundries.
- Local Opposition: Vistancia residents voice concerns over pollution and industrial zoning near schools.
Implications for Arizona Real Estate Investors:
- Peoria as a Growth Node: Expect increased demand for rentals as tech jobs move in.
- Development Watch: Delays possible as permits are still pending. Location near housing and schools could drive regulatory pushback.
- Workforce Housing Need: With advanced manufacturing expansion, demand for affordable single-family and multifamily units will likely surge.
Investor Takeaways:
- Opportunities in Peoria may mirror Chandler’s growth trajectory during Intel’s expansion.
- Watch for zoning shifts and infrastructure investment around Vistancia.