35 % investment tax credit
Amkor is also eligible for a 35% investment tax credit on qualified US semiconductor manufacturing investments.
Amkor Technology, Inc.333.6 million USD
Amkor had incurred $333.6 million of costs on its Arizona facility by 30 June 2026, and began construction in the second half of 2025.
Amkor Technology, Inc.2.5-3.0 billion USD (2026 capex)
Amkor expects 2026 capital expenditure of about $2.5 billion to $3.0 billion, up mainly because of the Arizona facility; 2025 capital expenditure was $904.6 million.
Amkor Technology, Inc.Why this market is moving now
- Amkor's Arizona facility is under construction, and 2026 capital spending of $2.5 to $3.0 billion is driven by it.
- The CHIPS award of up to $407 million requires construction and production milestones, and no funds had been received by mid-2026.
- Amkor's sales grew 25.6% in Q2 2026 on demand across end markets.
Key figures
Each figure links to the page it came from.
| Figure | Value | Year | Source |
|---|---|---|---|
| Amkor signed a Direct Funding Agreement with the US Department of Commerce in December 2024 for up to $407 million of CHIPS Act incentives; no funds had been received by 30 June 2026. | 407 million USD (up to) | 2024 | Amkor Technology, Inc. |
| Amkor is also eligible for a 35% investment tax credit on qualified US semiconductor manufacturing investments. | 35 % investment tax credit | 2026 | Amkor Technology, Inc. |
| Amkor had incurred $333.6 million of costs on its Arizona facility by 30 June 2026, and began construction in the second half of 2025. | 333.6 million USD | 2026 | Amkor Technology, Inc. |
| Amkor expects 2026 capital expenditure of about $2.5 billion to $3.0 billion, up mainly because of the Arizona facility; 2025 capital expenditure was $904.6 million. | 2.5-3.0 billion USD (2026 capex) | 2026 | Amkor Technology, Inc. |
| Amkor's net sales rose 25.6% to $1,898.0 million in the second quarter of 2026, with growth across all end markets. | 1,898.0 million USD | 2026 | Amkor Technology, Inc. |
| Amkor agreed in May 2026 to buy about 67 more acres for the Arizona facility for about $33 million, with closing expected in the fourth quarter of 2026. | 67 acres | 2026 | Amkor Technology, Inc. |
| TSMC Arizona signed agreements in November 2024 with the US Commerce Department for up to $6.6 billion of CHIPS direct funding and up to $5 billion of proposed loans. | 6.6 billion USD (direct funding, up to) | 2024 | Taiwan Semiconductor Manufacturing Company |
Companies to watch
Amkor Technology
Largest US-headquartered outsourced semiconductor assembly and test provider; building a new facility in Arizona.
TSMC (TSMC Arizona)
Holds CHIPS agreements for up to $6.6 billion of direct funding; the 20-F text read does not tie these to packaging.
What the full report covers
- 1
Executive summary
The answer on two pages: size, growth and what drives it.
- 2
Market size and outlook
History, the current year and a five-year view with base, low and high cases.
- 3
Segments and regions
Splits by product, buyer and geography across the US, Europe and MEA.
- 4
Company profiles
The main players, how they compete and where they are investing.
- 5
Data and method
Every figure in Excel, with the sources and assumptions behind it.
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the United States market - 03Market size, 2021 to 2025
Historical series and growth rates - 04Outlook to 2031
Base, low and high scenarios with stated assumptions - 05Rules, policy and deadlines
Regulation and programmes that change demand - 06Drivers and barriers
What accelerates or slows adoption, by customer segment - 07Prices, costs and margins
Unit economics where public data allows - 08Competitive landscape
8 to 12 company profiles with recent moves - 09Opportunities and risks
For new entrants, suppliers and investors - 10Method and sources
Every assumption and source, listed
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Frequently asked questions
How much CHIPS funding is Amkor getting?
Amkor signed a Direct Funding Agreement in December 2024 for up to $407 million. It had received no funds by 30 June 2026 and must meet construction and production milestones.
How much is Amkor spending on its Arizona facility?
Amkor had incurred $333.6 million of costs by 30 June 2026 and expects 2026 capital spending of $2.5 billion to $3.0 billion, mostly for Arizona.
Is there a tax credit for US chip packaging plants?
Amkor says it is eligible for a 35% investment tax credit on qualified US semiconductor manufacturing investments under the CHIPS Act and the One Big Beautiful Bill Act.
How fast is Amkor growing?
Amkor's net sales rose 25.6% to $1,898.0 million in the second quarter of 2026, according to its 10-Q.
What CHIPS funding did TSMC Arizona get?
TSMC Arizona signed agreements for up to $6.6 billion of direct funding and up to $5 billion of proposed loans, according to TSMC's 2025 Form 20-F.
Sources and method
The figures on this page come from the public sources listed below. Read how we work.
- Amkor Technology, Inc.: Form 10-Q for the quarter ended June 30, 2026 (2026-07-28)
for the award of up to $407 million in government incentives pursuant to the CHIPS Act
- Amkor Technology, Inc.: Form 10-Q for the quarter ended June 30, 2026 (2026-07-28)
we are eligible to receive a 35% investment tax credit on qualified investments in U.S. semiconductor manufacturing under the CHIPS Act
- Amkor Technology, Inc.: Form 10-Q for the quarter ended June 30, 2026 (2026-07-28)
we incurred costs of $ 333.6 million, including capitalized interest of $ 5.4 million, related to construction of the Arizona Facility.
- Amkor Technology, Inc.: Form 10-K for the fiscal year ended December 31, 2025 (2026-02-20)
We expect that our 2026 capital expenditures will be approximately $2.5 billion to $3.0 billion.
- Amkor Technology, Inc.: Form 10-Q for the quarter ended June 30, 2026 (2026-07-28)
Our net sales increased $386.6 million, or 25.6%, to $1,898.0 million for the three months ended June 30, 2026
- Amkor Technology, Inc.: Form 10-Q for the quarter ended June 30, 2026 (2026-07-28)
we entered into an agreement to purchase approximately 67 additional acres of land for the Arizona Facility for approximately $ 33 million.
- Taiwan Semiconductor Manufacturing Company: Form 20-F for the fiscal year ended December 31, 2025 (2026-04-16)
which includes up to US$6.6 billion in total direct funding and up to US$5 billion of proposed loans.
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