Amkor Technology locks $1.5B Nvidia partnership to expand U.S. advanced packaging for AI chips

Nvidia Partnership Gets Amkor Technology (AMKR) Stock Trending: Here's What You Should Know - NVIDIA (NAS

Amkor Technology Inc. (NASDAQ:AMKR) shares are trending on Thursday night. Deal Terms And Strategic Significance Under the agreement, Nvidia will provide a prepayment to support the expansion of Amkor's U.S. advanced packaging capacity in Arizona, complementing the company's established manufacturing footprint across Asia. According to the company's Thursday announcement, Nvidia and Amkor will align their long-term roadmaps to advance technologies including high-density interconnects and next-generation heterogeneous integration. Kevin Engel, CEO of Amkor Technology, said, "This strategic partnership with NVIDIA underscores the central role advanced packaging plays in enabling the future of AI." Earnings On Deck Amkor is scheduled to report second-quarter 2026 financial results after market close on Monday. In the previous quarter reported in May, the company reported revenue and earnings per share both better than analyst expectations. Revenue beat estimates by 1.98% and topped EPS by 37.50%. Trading Metrics, Technical Analysis Amkor has a market capitalization of $16.19 billion, a 52-week high of $96.66 and a 52-week low of $20.87. The Relative Strength Index (RSI) of AMKR stands at 43.11. On Wednesday, B. Riley Securities (NASDAQ:RILY) maintained a Neutral rating on Amkor while lowering its price target from $90 to $75. The mid-cap stock of the tech company has gained 203.58% over the past 12 months. AMKR is currently positioned at 58.66% of its 52-week trading range. Price Action: The stock had closed on Thursday at $65.33, down 2.45%, according to Benzinga Pro data. With a strong Momentum score in the 96th percentile, Benzinga's Edge Stock Rankings show that AMKR is seeing short-term consolidation, while maintaining a long-term and medium-term upward trend. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo Courtesy: Around the World Photos on Shutterstock.com Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Amkor Technology surges 16% on $1.5B Nvidia deal By Investing.com

Investing.com -- Amkor Technology Inc (NASDAQ:AMKR) shares jumped 16.6% in after-hours trading Thursday following the announcement of a multi-year strategic partnership with NVIDIA Corporation (NASDAQ:NVDA) valued at $1.5 billion to develop advanced semiconductor packaging and test technologies for AI and accelerated computing platforms. Weigh Amkor stock vs. peers by upgrading to InvestingPro - get 60% off today Under the agreement, Nvidia will provide a prepayment to support the expansion of Amkor's U.S. advanced packaging capacity. The partnership will focus on advancing technologies including high-density interconnects and next-generation heterogeneous integration as demand for AI infrastructure grows. The collaboration will expand full turnkey advanced packaging and test capabilities in the United States, with Nvidia's capacity agreement supporting Amkor's expansion in Arizona. This complements the company's existing manufacturing footprint across Asia to create a geographically diverse global supply chain. "AI is driving a generational shift in technology, transforming every industry and creating a unique opportunity to reinvigorate American manufacturing and supply chains," commented Debora Shoquist, Executive Vice President of Operations at Nvidia. "Amkor's global capabilities, combined with their committed investment in the United States, are critical components of building resilient AI infrastructure and accelerating next-generation technologies." Amkor has previously delivered advanced packaging solutions for Nvidia platforms across a broad product portfolio, including data center processors, networking chipsets and accelerated computing systems. The expanded collaboration aims to bring new technologies to market at scale. Kevin Engel, chief executive officer of Amkor Technology, stated that the strategic partnership underscores the central role advanced packaging plays in enabling the future of AI and accelerates the company's long-term roadmap while expanding U.S. capabilities to support AI infrastructure.