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Amkor Technology stock jumps nearly 6% on new 10-year U.S. chip packaging deal with Taiwan Semiconductor

Market News
17 Jun 2026
Lekha Gupta
View Source
Bullish
pluang ai news

Amkor Technology's shares rose about 6% premarket following a 10-year partnership announcement with Taiwan Semiconductor to expand advanced semiconductor packaging and testing in Arizona. This deal aims to boost U.S. chip production capacity for AI and high-performance computing, strengthening the domestic supply chain. The stock is in a strong uptrend, trading near its 52-week high, with positive earnings expectations for Q2 2026. Analysts hold a neutral stance but acknowledge the stock's strong momentum and growth potential amid a premium valuation.

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