Mentioned:
Nvidia is betting on advanced semiconductor packaging in America. Which is exactly why they’ve just cut a new deal with Amkor Technology.
What’s happening:
- Amkor Technology (NASDAQ: AMKR) has landed a new multi-year deal with Nvidia (NASDAQ: NVDA) to develop advanced semiconductor packaging worth $1.5B USD
Why it matters:
- This is the single largest deal that Nvidia and Amkor Technology have ever done together
Going deeper:
- Nvidia and Amkor Technology’s new multi-year deal will focus on both advanced semiconductor packaging and test technologies for next generation artificial intelligence and accelerated computing platforms
- TSMC (NYSE: TSM) and Amkor Technology just recently made major waves on Wall Street when they struck a new long term partnership for advanced semiconductor packaging in the United States that will span over the next decade
The intrigue:
- Amkor Technology is currently building out their high volume advanced semiconductor packaging and testing plant in Arizona which is widely considered to be the first facility of its kind to be based in the United States
