Amkor Technology Shares Rise 10% Following $1.3 Billion Agreement with Nvidia
Amkor Technology (AMKR) saw a significant premarket surge of 10% following the announcement of a $1.3 billion agreement with Nvidia (NVDA). The deal is specifically aimed at expanding semiconductor packaging production capacity within South Korea to meet growing demand. This partnership builds upon existing multi-year agreements between the two companies, including previous collaborations in Arizona. The expansion underscores the increasing reliance on advanced packaging technologies to support the scaling of high-performance computing and AI hardware.