Amkor Shares Rise 4.8% After $1.3 Billion Nvidia Packaging Deal
Photo: TokenPost
Amkor Technology shares rose 4.8% near the end of trading Wednesday after the company announced a $1.3 billion agreement with Nvidia to expand advanced chip packaging capacity in South Korea. The stock traded at $43.72 at 3:59:56 p.m. ET (19:59:56 UTC) on Oct. 21, compared with a previous close of $41.70. It had been nearly 6% higher at 9:29:30 a.m. ET (13:29:30 UTC), just before regular trading began. The agreement adds capacity for interposer wafers, which help connect processors and high-bandwidth memory in advanced chip packages. The companies aim to increase that capacity in South Korea by more than 300%.
Source: TokenPost
