Movement Alert|AMKR Climbed More Than 10% After Striking A $1.5 Billion Deal With Nvidia

Market Focus
Jul 24

On July 24, Amkor Technology rose over 10% in overnight trading. On the news front, Nvidia has signed a $1.5 billion agreement with EMAG Technologies to help bolster the latter’s chip packaging facilities as part of a broader effort to expand its semiconductor business in the United States.

Additionally, Amkor Technology previously announced a ten-year strategic partnership with TSMC to jointly expand advanced semiconductor packaging capacity in Arizona, supporting high-performance computing and AI chip production demand. The combination of consecutive quarters of accelerating earnings growth and long-term contractual visibility from the TSMC agreement has fueled bullish market sentiment ahead of the upcoming report.

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