AMKOR - SUMMARY SUPPORT FOR AGENDA, FINAL.DOCX

Maricopa County — Formal (2024-11-20)

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FOREIGN TRADE ZONE
REQUEST FOR NO-OBJECTION
Amkor Technology of Arizona, Inc.
City of Phoenix Foreign Trade Zone, Inc. No. 75 
Located at northeast corner of El Mirage Rd and N Vistancia Blvd, Peoria, parcel 510-08-951 and is 
currently owned by Vistancia Commercial Core.  The sale of this land is pending escrow to Amkor 
Technology of Arizona located at 2045 E Innovation Circle, Tempe, AZ 85284.
Summary from the owner’s representative
Amkor Technology Arizona, Inc. is applying for Foreign Trade Zone (FTZ) Subzone designation for the 
property located on the northeast corner of El Mirage Rd and N Vistancia Blvd, Peoria, Arizona, parcel 
510-08-951, to be included in the City of Phoenix Foreign Trade Zone No. 75. FTZ designation will allow 
reclassification of this property from Class 2 with a tax assessment ratio of 15% to Class 6 with a tax 
assessment ratio of 5% under A.R.S. §42-12006. 
Amkor Technology Arizona, Inc. is a leading outsourced semiconductor assembly and test (“OSAT”) 
provider. They specialize in advanced packaging, including flip chip, memory, wafer-level processing and 
related test services. They have multiple factories in Asia and Europe, and they are headquartered Tempe, 
Arizona since 2005.
The new facility will consist of a 980,000 square-foot building on a 56.31 – acre site which will provide 
more than 250,000 square feet of clean room space.  The total capital investment planned for the Phase 
1 is $1.2 billion in real property and $300 million in personal property. Amkor Technology of Arizona, Inc. 
expects at the end of 10 years to create approximately 1,300 direct jobs with an annual payroll of $78 
million. 
Status of Taxing Jurisdiction Concurrence Letters
o
City of Peoria – Received
o
Peoria Unified School District – Received
o
Western Maricopa Education Center (West-MEC) – Received
o
Maricopa County Community College District – Received
o
Maricopa County Special Health Care District (Valleywise Health) - Received
o
Central Arizona Conservation District (CAP) – Received
o
Vistancia Community Facilities District (City of Peoria) - Received
Fiscal and Economic Impact
Economic Impact estimates are provided by Greater Phoenix Economic Council (GPEC).

Amkor Inc. operations will create approximately 1,300 direct and 1,283 indirect jobs over the next 
10 years.

Estimated $491.7 million in direct personal income and $491.7 million in indirect personal income 
for a total of $983.4 million over a 10-year period.

Estimated $5.8 million in direct tax revenues and $1.7 million in indirect tax revenues for a total of 
$7.5 million in tax revenue to Maricopa County over a 10-year period.


Estimated $1.8 billion in direct economic output and an additional $1.6 billion in indirect output 
for a total of $3.4 billion to Maricopa County over a 10-year period.
Property Tax Impact 

Property taxes currently collected for these parcels is approximately $16.00 annually for Maricopa 
County’s portion as a Class 2 property. When the project is completed, property taxes will increase 
to approximately average $298 thousand annually for Maricopa County’s portion as a Class 6 
property in the next 10 years.