[NVIDIA Signs $1.5 Billion Agreement with Amkor Technology to Support Expansion of Chip Packaging Capacity] BlockBeats News, July 24, according to Bloomberg, NVIDIA (NVDA.US) has signed a $1.5 billion agreement with Amkor Technology (AMKR.US) to support the latter in expanding its chip packaging capacity, as part of broader efforts to grow semiconductor operations in the United States. According to a statement released Thursday, the agreement includes an advance payment from NVIDIA, which will help Amkor enhance its manufacturing capabilities in Arizona. The news caused Amkor's stock price to surge by approximately 15% in after-hours trading. Both companies stated that the collaboration will focus on chip packaging and testing technologies in the field of artificial intelligence. Packaging is a critical final step in semiconductor manufacturing, during which chips are encased to enable connections with other components. [Original Link]