On June 18, Amkor Technology rose 5.03% in pre-market trading, trading at approximately $90.71/share, with turnover of $858K.

The continued upward momentum is driven by the landmark ten-year strategic cooperation agreement announced on June 16 between TSMC and Amkor Technology. Under the agreement, TSMC will procure advanced packaging and test services from Amkor, with both parties collaborating to expand advanced semiconductor packaging capacity in Arizona to serve global high-performance computing and AI chip mass production demand. The partnership creates an industrial synergy between Amkor's advanced packaging facility and TSMC's local wafer fabrication base.

Additionally, Amkor is reportedly considering a 1 trillion KRW investment to expand its Gwangju, South Korea plant, with the first phase targeting 500 billion KRW completion by 2030. The expansion is driven by a significant increase in packaging and testing orders from TSMC, as existing production lines can no longer match the order volume. The company also recently set 2030 financial targets at its investor day, including revenue exceeding $11 billion and EPS exceeding $5, representing over 3x current levels.

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