US Stock Market Move | Taiwan Semiconductor Manufacturing Co., Ltd. and ADR have reached a ten-year cooperation agreement. AMKR.US jumped over 11% in early trading.

On Tuesday, AMKR technical (AMKR.US) surged more than 11% in early trading, hitting a new historical high with a cumulative increase of 140% so far this year. In terms of news, on June 16th, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) reached a ten-year cooperation agreement with AMKR technical. The two parties will deepen their cooperation to enhance the semiconductor advanced packaging capabilities in Arizona, further driving the investment layout of the American semiconductor supply chain ecosystem. The agreement establishes a cooperation framework, where Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR will purchase advanced packaging and testing services provided by AMKR technical. The two parties will collaborate to expand capacity, create a more efficient and mutually beneficial operating model, and enhance the ability to meet the diverse needs of customers. Kevin Engel, CEO of AMKR technology, stated: "This agreement is an important milestone in the cooperation process between AMKR technical and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR. Both parties are working together to accelerate the development of the advanced semiconductor manufacturing industry in the United States, providing customers with a complete domestic supply chain service from high-end chip manufacturing to chip packaging and testing."