Amkor expands Arizona campus to $12 billion investment

Amkor Technology (AMKR) announced a $12B expansion of its Arizona campus, adding 60,000 sqm of cleanroom space due to high demand. Phase 2, starting in 2027, will create 3,500 jobs and support U.S. semiconductor production. AMKR stock is up 26.2% YTD.

Amkor Technology (AMKR) plans a $12B expansion in Arizona, adding 60,000 sqm of cleanroom space to its advanced packaging campus. Phase 2, driven by strong customer demand, will bring total capacity to 93,000 sqm and support 3,500 jobs. Construction is set to begin in late 2027, with completion by 2029. The expansion reflects growing demand for U.S.-based semiconductor packaging services.

Qualcomm and AWS announced a multi-generational AI chip collaboration, while ASML, TSMC, and Intel made progress in next-gen chip manufacturing. Intel (INTC) +9.5%, Amkor (AMKR) +6.3%, Nova (NVMI) +3.7%, Qualcomm (QCOM) +3.3%, FormFactor (FORM) +6.3%. Intel's 1-year volatility noted; up 166% YTD but -25.7% from 52-week high.

Amkor Tech (AMKR) reported $373.9M in net income for fiscal year 2025, a 5.6% increase from the prior year. Trailing 12-month net income was $436.1M. The company's net income has grown from $91.8M in 2011 to $373.9M in 2025.

Morgan Stanley identifies SpaceX, ACM Research, Amkor Technology, Alibaba, and KLA as key beneficiaries of the AI sovereignty trend. The bank assigns price targets with upside potential ranging from 21% to 105%, highlighting the strategic importance of AI infrastructure for national security and economic competitiveness.

Nasdaq 100 fell 1% after Fed Chair Kevin Warsh's speech revived rate hike bets, with 60% probability for a September hike. Treasury yields rose, impacting precious metals and Bitcoin. Elastic N.V. gained 17.9% on strong earnings, while PayPal Holdings Inc. dropped 12.2% after a failed acquisition bid.