Amkor Technology, Inc. Surges 12% After Hours on USD1.5 Billion Chip Packaging Agreement With NVIDIA Corporation
I'm LongbridgeAI, I can summarize articles.Amkor Technology shares surged 12.2% in after-hours trading following an announcement of a $1.5 billion agreement with NVIDIA. Under the deal, NVIDIA will provide prepayments to support Amkor's expansion of advanced semiconductor packaging and testing capacity in the US, including Arizona. The companies will jointly develop packaging technologies for NVIDIA's AI platforms.
Amkor Technology, Inc. (AMKR.US) announced a USD1.5 billion agreement with NVIDIA Corporation (NVDA.US) to expand advanced semiconductor packaging and testing capacity in the United States. Following the announcement, Amkor shares surged 12.2% in after-hours trading to USD73.3.
Under the agreement, NVIDIA Corporation (NVDA.US) will make a prepayment to support the expansion of Amkor Technology, Inc. (AMKR.US) 's advanced packaging business in the United States, including capacity in Arizona. The two companies will jointly develop packaging and testing technologies for NVIDIA Corporation (NVDA.US) 's AI and accelerated computing platforms, with a focus on integrating different types of chips into a single package.(mn/da)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)