Nvidia signed a $1.5 billion agreement with Amkor Technology Inc. to support the latter in upgrading chip packaging facilities and expanding its semiconductor industry layout in the United States
Nvidia signed a $1.5 billion agreement with Amkor Technology Inc. to support the latter in upgrading chip packaging facilities and expanding its semiconductor industry layout in the United States. According to a statement released Thursday, Nvidia will make an upfront payment to Amkor under the agreement to help it increase its production capacity in Arizona. After the news was announced, Amkor's shares surged about 15% after the market closed. The two companies said the collaboration will focus on developing chip packaging and testing technology for artificial intelligence applications.