NVIDIA and Amkor Technology Sign $1.5 Billion Agreement to Expand Chip Packaging Capacity

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NVIDIA and Amkor Technology announced a partnership, signing a $1.5 billion deal to expand chip packaging capacity. The project includes an upfront payment from NVIDIA to help Amkor increase production in Arizona. The agreement supports U.S. semiconductor manufacturing with a focus on AI-related packaging and testing. Amkor’s stock rose approximately 15% in after-hours trading following the announcement.

ME News reports that on July 24 (UTC+8), NVIDIA (NVDA.US) signed a $1.5 billion agreement with Amkor Technology (AMKR.US) to support the latter’s expansion of chip packaging capacity, as part of a broader initiative to grow semiconductor operations in the United States. According to a statement released on Thursday, the agreement includes an upfront payment from NVIDIA to help Amkor enhance its manufacturing capabilities in Arizona. The news drove Amkor’s stock up approximately 15% in after-hours trading. The two companies stated that this collaboration will focus on chip packaging and testing technologies for artificial intelligence applications. Packaging is a critical final step in semiconductor manufacturing, during which chips are enclosed in protective casings to enable connection with other components. (Source: BlockBeats)

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