Amkor Technology surges 16% on $1.5B Nvidia deal

July 24, 2026 - 03:08

Amkor Technology saw its stock price surge more than 16% in after-hours trading on Thursday. The move came after the company announced a significant multi-year partnership with Nvidia valued at roughly $1.5 billion. The deal focuses on developing advanced semiconductor packaging and test technologies specifically designed for artificial intelligence and accelerated computing platforms.

The partnership marks a major win for Amkor, positioning the company as a key supplier in the rapidly growing AI chip market. Nvidia, which dominates the market for AI processors, will rely on Amkor's expertise to package and test its next-generation chips. This type of work is critical because advanced packaging allows multiple chips to be combined into a single module, improving performance and energy efficiency.

Investors reacted strongly to the news, sending Amkor shares higher in extended trading. The deal provides the company with a clear revenue stream tied to one of the most important technology trends in the industry. For Nvidia, the agreement helps secure its supply chain for the complex packaging required by its most powerful AI accelerators. The companies did not disclose specific financial terms beyond the overall deal value, but the announcement signals a deepening relationship between the two firms as demand for AI computing continues to climb.