Nvidia, Amkor strike $1.5 billion chip packaging deal

Amkor Technology said on Thursday it had entered a multi-year agreement with Nvidia worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the US, as the chip industry ‌races ⁠to build ⁠out AI infrastructure.

Shares of the semiconductor packaging ​company jumped 17% in extended trading.

Under the agreement, Nvidia will make a prepayment to ​support the expansion of Amkor’s ⁠US advanced ‌packaging operations, including capacity ​in ​Arizona.