From TokenPost · · 50s
Amkor Shares Rise After Nvidia Deal
Amkor shares jump 4.8% following $1.3 billion Nvidia packaging agreement.
In brief
Amkor shares jump 4.8% following $1.3 billion Nvidia packaging agreement. Amkor Technology's shares rose 4.8% after announcing a $1.3 billion deal with Nvidia to expand advanced chip packaging capacity in South Korea by 2028. Originally reported by TokenPost.
Amkor Shares Rise
Amkor Technology shares rose 4.8% near the end of trading Wednesday after announcing a $1.3 billion agreement with Nvidia to expand advanced chip packaging capacity in South Korea.
Stock Price Details
The stock traded at $43.72 at 3:59:56 p.m. ET on Oct. 21, compared with a previous close of $41.70.
Capacity Expansion Target
The agreement adds capacity for interposer wafers, which help connect processors and high-bandwidth memory in advanced chip packages, with a target of more than 300% increase by end of 2028.
The headline
Amkor Technology's shares rose 4.8% after announcing a $1.3 billion deal with Nvidia to expand advanced chip packaging capacity in South Korea by 2028.
