Amkor Technology (AMKR) Stock Surges 12% After Nvidia Partnership Deal
TLDR
- Amkor Technology stock jumped 12.2% in after-hours trading to $73.30 after announcing a multi-year partnership with Nvidia
- Nvidia will provide a prepayment to fund expansion of Amkor’s advanced packaging capacity in Arizona
- The deal focuses on high-density interconnects and heterogeneous chip integration for AI and accelerated computing platforms
- This builds on Amkor’s June 2026 10-year agreement with TSMC for advanced packaging in Arizona
- Amkor is due to report Q2 2026 earnings on Monday, July 27
Amkor Technology stock jumped 12.2% to $73.30 in after-hours trading Thursday after the company announced a multi-year strategic partnership with Nvidia worth $1.5 billion. The stock had closed the regular session at $65.33, down 2.45%.
Under the deal, Nvidia will provide a prepayment to support the build-out of Amkor’s advanced packaging and test operations in the United States, with a focus on its Arizona facility.
The two companies will align their long-term technology roadmaps, targeting high-density interconnects and next-generation heterogeneous chip integration — capabilities that are increasingly critical as AI chip demand continues to outpace supply.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
