On June 17, Amkor Technology rose 5.08% overnight, trading at $90.95/share, with turnover of $2.021 million. The stock continues its upward momentum after hitting a record high in the prior session.

On the news front, TSMC and Amkor Technology on June 16 jointly announced a ten-year strategic cooperation agreement. Under the framework, TSMC will procure advanced packaging and test services from Amkor, with both parties collaborating to expand capacity at Amkor's Arizona facilities. The partnership aims to build a more integrated and resilient U.S. semiconductor supply chain serving high-performance computing and AI chip mass production demands. Amkor's CEO described the deal as a significant milestone, providing customers with a complete domestic supply chain from advanced chip manufacturing to packaging and testing.

Additionally, the company is considering a 1 trillion Korean won investment to expand its Gwangju, South Korea factory, with the first phase targeting 500 billion won by 2030, driven by surging TSMC packaging orders that have outpaced existing capacity. The company's investor day also set ambitious 2030 targets including revenue exceeding $11 billion and EPS above $5, roughly triple current levels, anchored in advanced packaging platforms such as 2.5D, HDFO, and CPO.

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