Intel Outsources Chip Packaging to Amkor, Boosts Stock

Intels Outsourcing to Amkor: A Significant Boost for Semiconductor Packaging SpecialistAmkor Technology, a semiconductor packaging and testing company, saw a substantial stock surge of over seven percent following Intels decision to outsource high-end chip packaging production. This marks Intels first time outsourcing such production, using Amkors South Korean facility for their advanced packaging process, EMIB. The move is driven by the growing demand for specialized packaging services in the AI industry. Amkors recent positive earnings and Aletheia Capitals Buy rating further boosted investor confidence. Despite stock volatility, todays jump indicates a significant event, with Amkors shares reaching a new fifty-two-week high and a substantial growth over the past five years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.