05:40 PM EDT, 10/03/2024 (MT Newswires) -- Amkor Technology ( AMKR ) and Taiwan Semiconductor Manufacturing ( TSM ) said Thursday they have agreed to collaborate on advanced packaging and testing capabilities in Arizona.

Under the agreement, Taiwan Semiconductor will utilize Amkor's ( AMKR ) turnkey advanced packaging and testing services at its planned facility in Peoria, Arizona, to support customers using Taiwan Semiconductor's wafer fabrication facilities in Phoenix, according to a joint statement.'

Financial details weren't disclosed.

Shares of Amkor Technology ( AMKR ) were up 1.4% in after-hours activity.

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