Infineon Technologies AG (IFNNY) announced a multi-year partnership with Amkor Technology (AMKR). Both companies have agreed on operating a dedicated packaging and test center at Amkor’s manufacturing site in Porto. Operations are expected to commence in the first half of 2025. With this long-term agreement, Infineon and Amkor further strengthen their partnership, extending the classical outsourced semiconductor assembly and test business model. Amkor will expand its facilities in Porto and run the production line, providing dedicated clean room space, and Infineon will provide an onsite team with engineering and development support. The cooperation further strengthens the European semiconductor supply chain and contributes to making it more resilient – especially for automotive customers. It complements Infineon’s already diversified manufacturing footprint, balancing in-house and outsourced production capabilities.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IFNNY:
- Infineon upgraded to Overweight from Equal Weight at Morgan Stanley
- Infineon price target lowered to EUR 38 from EUR 45 at Barclays
- China asks EV makers to purchase local chips, Bloomberg reports
- Worksport to integrate Gallium Nitride semiconductors into product offerings
- Arrow Electronics and Infineon team to accelerate automotive electrification