Mentioned:
AMKR +1.93% TSM +0.46%

TSMC is deepening their commitment to building advanced chips in America. And they’ve just partnered with a publicly traded company to do it.

What’s happening:

  • Amkor Technology (NASDAQ: AMKR) and TSMC (NYSE: TSM) have formed a new long term partnership for advanced semiconductor packaging in the United States

By the numbers:‍

  • The new deal between TSMC and Amkor Technology will last for 10 years

Why it matters:‍

  • This is the first time ever that TMSC has entered into a long term advanced packaging partnership with an American company that is focused on creating a full supply chain for manufacturing and packaging within the United States

Going deeper:‍

  • Amkor Technology has publicly stated that their new deal with TSMC will be focused on high end packaging for artificial intelligence chips, high performance computing hardware and advanced electronics
  • Amkor Technology previously made major waves when they began construction of their semiconductor packaging and testing campus in Arizona, which is widely considered to be the first ever plant of its kind to be built in the United States of America

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