Nvidia has signed a $1.5 billion agreement with Amkor Technology to support an expansion of chip packaging capacity, according to Bloomberg. A statement released Thursday said the deal includes a prepayment from Nvidia that will help Amkor increase its manufacturing capacity in Arizona. The announcement sent Amkor shares up about 15% in after-hours trading.
The two companies said their partnership will focus on chip packaging and testing technologies tied to artificial intelligence. Packaging is one of the final and most important stages in semiconductor manufacturing, where chips are enclosed so they can connect with other components. The agreement was described as part of a broader push to expand semiconductor operations in the United States.
Nvidia (NVDA.US) has signed a $1.5 billion agreement with Amkor Technology (AMKR.US) to support an expansion of the latter’s chip packaging capacity, according to Bloomberg. The move is part of a broader effort to expand semiconductor operations in the United States.
A Thursday statement said the agreement includes a prepayment from Nvidia that will help Amkor raise its manufacturing capacity in Arizona. Following the announcement, Amkor shares jumped about 15% in after-hours trading.
The companies said the partnership will center on chip packaging and testing technologies for artificial intelligence. Packaging is a critical final step in semiconductor manufacturing, during which chips are enclosed so they can be connected to other components.
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