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Amkor Soars on Nvidia AI Chip Packaging Partnership
20 Nov
Summary
- Amkor shares surged over 8% in after-hours trading.
- Nvidia CFO named Amkor as a partner for chip packaging.
- Nvidia plans US manufacturing expansion with Amkor over four years.
Amkor Technology's stock experienced a notable surge of over 8% in after-hours trading on Wednesday. This rise followed an announcement made during Nvidia's investor conference call, where the AI chip leader's Chief Financial Officer, Colette Kress, identified Amkor as a key partner. The collaboration is slated to focus on advanced chip packaging.
Nvidia's CFO revealed plans to work alongside Amkor and Siliconware Precision Industries Co Ltd. The objective is to enhance Nvidia's manufacturing presence within the United States. This strategic expansion is projected to unfold over the next four years, signaling a significant commitment to domestic production capabilities.
This development comes after Nvidia recently announced the production of its first 'Blackwell' AI chips at Taiwan Semiconductor Manufacturing Co's Arizona facility. However, these chips require an advanced packaging process, which will be undertaken in Taiwan before they can be distributed and sold.
