Nvidia will give Amkor a $1.5bn prepayment to expand advanced chip packaging and testing in Arizona, onshoring a key AI supply-chain bottleneck.

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…

Under the agreement, Nvidia will make a prepayment to support the expansion of Amkor's US advanced packaging operations, including capacity in Arizona.