Nvidia, Amkor strike $1.5 billion chip packaging deal
Yahoo Finance ·
Nvidia, Amkor strike $1.5 billion chip packaging deal Reuters Thu, July 23, 2026 at 5:44 PM EDT 1 min read NVDA AMKR TSM July 23 (Reuters) - Amkor Technology said on Thursday it had entered a multi-year agreement with Nvidia worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., as the chip industry races to build out AI infrastructure. Shares of the semiconductor packaging company jumped 17% in extended trading. Here are a few details on the partnership: • Under the agreement, Nvidia will make a prepayment to support the expansion of Amkor's U.S. advanced packaging operations, including capacity in Arizona. • The companies will jointly develop packaging and testing technologies for Nvidia's AI and accelerated-computing platforms, focusing on combining different types of chips in a single package. • Amkor already supplies advanced packaging for Nvidia's product portfolio, including data center processors, and the expanded deal aims to bring new packaging technologies to market as AI infrastructure demand grows. • In June, Amkor entered a 10-year partnership with TSMC, the world's largest contract chipmaker, to enhance semiconductor packaging capabilities in the United States. • Amkor is also working with Advanced Micro Devices to package the semiconductor company's chips. (Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)
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