On November 6, Amkor Technology saw an Intraday Rise of 8.97% in Regular Trading, with shares trading at $32.57 and turnover of $8.7025 million.
The move aligned with continued market focus on Amkor Technology's advanced packaging expansion partnership with NVIDIA in South Korea, which helped drive funds back into the stock despite the company's recent earnings miss and softer near-term guidance.
Previously disclosed details show the companies added a $1.3 billion South Korea expansion agreement, lifting their multi-year agreements across Arizona and South Korea to $3 billion. The project targets more than 300% growth in advanced packaging capacity by the end of 2028, aimed at supporting next-generation AI and accelerated computing demand. While Amkor Technology reported quarterly EPS of $0.76 on revenue of $1.99 billion, both below expectations, and guided the next quarter below consensus, the packaging expansion plan has remained a key medium- to long-term support for sentiment.
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