Nvidia, Amkor strike $1.5 billion chip packaging deal

July 23 : Amkor Technology said on Thursday it had entered a multi-year agreement with Nvidia worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., as the chip industry races to build out AI infrastructure.Shares of the semiconductor packaging company jumped 17 per cent in extended trading.Here are a few details on the partnership:• Under the agreement, Nvidia will make a prepayment to support the expansion of Amkor's U.S. advanced packaging operations, including capacity in Arizona. • The companies will jointly develop packaging and testing technologies for Nvidia's AI and accelerated-computing platforms, focusing on combining different types of chips in a single package.• Amkor already supplies advanced packaging for Nvidia's product portfolio, incl