Amkor Technology just locked in a collaboration with AMD on advanced chip packaging, announced by CEO Kevin Engel on May 21. The deal is part of Amkor’s broader push to build out a massive manufacturing campus in Arizona, with production slated to begin in early 2028.
The market wasn’t exactly throwing confetti. Amkor shares dropped 2.6% after the company revealed revenue guidance of $8.5B to $9.5B for 2028, a range that came in slightly below what Wall Street had been expecting. The company also projected $11B in revenue by 2030.
The Arizona bet
Amkor recently acquired an additional 67 acres adjacent to its existing 104-acre campus site, bringing the total to 171 acres. Groundbreaking for the advanced packaging campus took place on October 6, 2025. The first manufacturing facility is on track for completion by mid-2027, with volume production expected to follow in early 2028.
The project has meaningful financial backing from Washington. Amkor has been allocated up to $407 million through the CHIPS Act, the federal program designed to bring semiconductor manufacturing back to US soil.
