Amkor shares rose 4.7% following a $1.3 billion agreement with NVIDIA to expand advanced packaging capacity in South Korea, bringing their total multi-year deals to $3 billion. NVIDIA is prepaying for this capacity to address critical bottlenecks in the AI infrastructure buildout. Additionally, Cadence introduced AI models developed with NVIDIA to automate semiconductor design, while Anthropic’s IPO filing revealed significant contracts for NVIDIA-powered computing.
The offering prospectus details cloud contracts with minimum spending floors and payments tied to capacity delivery, as the company recorded a large net loss in the first half of 2026.
Read the full storyThe company said initial results showed up to 5x higher token efficiency, while its shares rose 3.9% after the announcement; it plans to make the first models available in the fourth quarter.
The new agreement is part of $3 billion in multiyear commitments in Korea and Arizona, while upfront payments fund alignment of manufacturing capacity with Nvidia’s long-term plans.