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November 30 2025 Vol. III • No. 24
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Amkor Starts On Salt Lake City’s $3.5B Power District $7B Semiconductor Breaks Ground, MLB Team Sought Campus in Arizona Amkor Technology Inc., a provider of semiconductor packaging and test services, announced on Oct. 6, 2025, the groundbreaking and expanded planned investment of its new outsourced semiconductor advanced packaging and test campus near Peoria, Ariz. The expanded investment includes additional cleanroom space and a second greenfield packaging and test facility, increasing total project investment by more than $5 billion to a total of $7 billion across two phases. A contractor was not named. The groundbreaking ceremony brought together government officials, industry leaders and community stakeholders to celebrate the milestone. Amkor’s investment supports the broader strategy to strengthen United States semiconductor leadership and will be the first U.S.-based high-volume advanced packaging facility. Upon completion of both phases, the campus will offer more than 750,000-sq.-ft. of cleanroom space and as many as 3,000 high-quality jobs. Construction of the first manufacturing facility on the campus is expected to be completed in mid-2027, with production beginning in early 2028. The new greenfield facilities will serve as a cornerstone of America’s advanced packaging capabilities, supporting key customers including Apple and NVIDIA. Amkor’s expanded investment is supported by the Trump administration’s CHIPS for America Program, the Advanced Manufacturing Investment Tax Credit and state and local governments. see AMKOR page 6
Salt Lake’s downtown is expanding west with The Power District, Larry H. Miller Real Estate’s 100plus-acre mixed-use development and hopeful site of a future MLB stadium. Community leaders gathered on Oct. 27, 2025, for the groundbreaking on a 10-story, 300,000-sq.-ft. corporate campus for Rocky Mountain Power. The Power District is close to both the downtown core and the Salt Lake City International Airport and also connected to the Jordan River and Utah State Fairpark. “The Power District is more than a project — it’s our family and organization’s commitment to Salt Lake City and the state of Utah,” said Steve Miller, chairman of the Larry H. Miller Co. “This development will create thousands of jobs, ignite economic growth and serve as the gateway neighborhood to Utah’s Capital City.” The first corporate campus at The Power District is being built for Rocky Mountain Power in conjunction with SOM, Architectural Nexus and Okland Construction. Larry H. Miller Real Estate said it is incorporating sustainable practices and innovative design into The Power District’s master plan. This site features views of the downtown skyline and Wasatch Mountains. The company said it is working closely with the support of a coalition of community leaders, including state leaders, the Utah State Fairpark, Salt Lake City, the Jordan River Commission and westside leaders, to incorporate several area master plans that have been studied over the years.
This rendering depicts a Major League Baseball stadium along the Jordan River in the Power District.
The project is expected to cost $3.5 billion, according to deseret.com The Power District master plan overview includes: • 100-plus-acre shovel-ready site with flexible zoning and building options; • 1.3 million sq.-ft. office — a corporate campus with connected transportation options, amenities, open space and direct access to the airport and downtown; • 4,700 housing units — mixture of housing types and price points; • 320,000 sq. ft. of retail space; • 300 hotel keys; • views of the downtown skyline and Wasatch Mountains; a mile of riverfront cleanup and access; trails and green space; and a see POWER page 3