Apple Inc. CEO Cook stated that he will work together to promote chip packaging business, and the stock price of AMKR.US soared before the market.
Tim Cook publicly stated that semiconductor packaging company Amkor Technology (AMKR.US) will assist Apple in advancing its chip packaging business and supply chain reshoring plan, causing the stock to rise in pre-market trading.
Prior to this, Apple Inc. CEO Tim Cook publicly stated that semiconductor packaging company Amkor Technology would assist Apple Inc. in advancing its chip packaging business and supply chain reshoring plan. Amkor Technology saw a rise in pre-market trading, with the stock up approximately 8% at the time of writing.
Cook mentioned in an interview, "In the subsequent process, wafers will be sent to GlobalWafers in Texas, which will supply companies like Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR, who will be responsible for the wafer manufacturing process of the chips; then Amkor Technology in Arizona will take on the chip packaging work. Of course, Applied Materials in the semiconductor equipment sector also plays a key role. Therefore, we are committed to promoting the localization of the entire semiconductor industry chain in the United States from end to end."
Earlier this month, Amkor Technology completed a $500 million senior bond pricing issuance. The bonds have a face value interest rate of 5.875% and mature in 2033.
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