A new semiconductor manufacturing plant broke ground in Peoria this week.
Amkor’s $7 billion facility will reportedly be one of the largest chip packaging plants in the country and is expected to provide up to 3,000 jobs.
The first phase of construction is expected to be finished in about two years, with the first chips being made in 2028.
When all is said and done, the 750,00-square-foot semiconductor factory will provide chips to NVIDIA and Apple, which will be used for artificial intelligence.
“Our goal is we want more. Peoria is open for business. I’m already recruiting as some of you can attest. We are open for business and we want to create more jobs,”
Peoria Mayor Jason Beck said.
The factory is being built near Loop 303 and Lake Pleasant Parkway, not far from the TSMC campus.
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The move comes at the same time as sanctions to individuals and businesses accused of laundering money for criminal organizations.
