Arizona Keeps Getting Hotter, Another Semiconductor Company Signs A Huge DealBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.The CHIPS and Science Act has provided funding for several major semiconductor facilities in Arizona, including Taiwan Semiconductor (NYSE:TSM), which is investing $40 billion in multiple semiconductor factories in the Phoenix area, and Intel (NASDAQ:INTC), which is receiving $8.5 billion to invest in Arizona, New Mexico, Ohio, and Oregon. Another smaller semiconductor company is the latest to benefit from CHIPS Act funding.Trending: Earn potential monthly cash flow from Sunbelt real estate with just $10 — you can become part of the next big real estate boom today. This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund’s prospectus. Read them carefully before investing.Amkor Technology, based in Tempe, AZ, is planning a new plant in Peoria, Arizona. Amkor is an OSAT (Outsourced Semiconductor Assembly and Test) service provider. OSAT companies play a crucial role in the semiconductor supply chain, focusing on the back end processes of chip production. Amkor’s planned facility would be the largest OSAT facility in the country. The project proposal includes up to $400 million in direct funding and access to $200 million in loans. The Semiconductor Industry Association has endorsed the deal, stating it would strengthen advanced packaging operations, which are key components of the chipmaking process. On Amkor’s most recent earnings call, CEO Giel Rutten mentioned that once operational, the factory will contribute less than 10% of the company’s total production and will utilize technology similar to that used in its facilities in Korea.The project, first announced last year, has been approved by the city. Amkor expects to spend aro …
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