Technology
Nvidia Signs $1.5 Billion Accord With Amkor for Chip Packaging
Key Points
Nvidia Signs $1.5 Billion Accord With Amkor for Chip Packaging Nvidia Corp. signed a $1.5 billion agreement with Amkor Technology Inc. to help bolster the company’s chip packaging facilities, part of a broader push to expand semiconductor operations in the US. The agreement, which involves a prepayment by Nvidia, will help Amkor boost its manufacturing in Arizona, according to a statement Thursday. The news sent shares of Amkor soaring about 15% in late trading.
Nvidia Signs $1.5 Billion Accord With Amkor for Chip Packaging
Nvidia Corp. signed a $1.5 billion agreement with Amkor Technology Inc. to help bolster the company’s chip packaging facilities, part of a broader push to expand semiconductor operations in the US.
The agreement, which involves a prepayment by Nvidia, will help Amkor boost its manufacturing in Arizona, according to a statement Thursday. The news sent shares of Amkor soaring about 15% in late trading.