Amkor Shares Jump, to Work with Nvidia on Packaging
Reuters
Nov 20
Nov 19 (Reuters) - Shares in Amkor Technology jumped more than 11% in overnight trading after Nvidia's conference call after the AI chip leader's chief financial officer named Amkor among companies it plans to work with on chip packaging.
Nvidia CFO Colette Kress told investors the company plans to work with Amkor and Siliconware Precision Industries Co Ltd to expand its U.S. manufacturing footprint over the next four years.
Nvidia last month said it produced its first "Blackwell" AI chips at Taiwan Semiconductor Manufacturing Co's Arizona factory but before those chips can be sold, they must be shipped to Taiwan for an advanced packaging process.
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