Ai Chips

TSMC and Amkor Technology 10-year advanced packaging partnership — AMKR stock jumps

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TSMC Locks In Amkor for 10-Year Advanced Packaging Deal; AMKR Jumps 7%

TSMC and Amkor Technology signed a decade-long partnership to expand advanced semiconductor packaging in Arizona, targeting surging AI and high-performance computing demand. AMKR closed up roughly 7.4% on the day.

U.S. stock market sector rotation on June 16, 2026 — chip stocks fall while Dow hits record high

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Chip Stocks Hit With Profit-Taking, Dragging Nasdaq Lower — While the Dow Hits a New All-Time High

U.S. stocks split sharply on June 16: a wave of profit-taking hammered Nvidia, Broadcom, Micron, and AMD, pushing the Nasdaq down 1.15%, while the Dow climbed to a fresh record as money rotated into value and defensive plays.