Amkor Technology Inc. is doubling down on Peoria, raising its projected 2026 capital spending to between $2.5 billion and $3 billion, with much of that investment directed toward the advanced packaging campus taking shape near Loop 303. The project is supported by more than $2.85 billion in government incentives and tax credits, funding tied to construction milestones as the site moves from groundwork to cleanrooms.
Between 65% and 70% of the planned spending will flow to the company’s 2.3-million-square-foot manufacturing campus. Now estimated at $7 billion, the project will include more than 750,000 square feet of cleanroom space and is expected to create about 3,000 jobs. The first phase is scheduled for completion in mid-2027, with production anticipated in early 2028.
Fourth-quarter financial results provided additional context. Amkor reported $1.89 billion in revenue, exceeding expectations and increasing above the same period a year earlier. For 2025, revenue reached $6.71 billion, a 6% increase over 2024…