Amkor Technology, a semiconductor packaging and testing provider, is poised to gain in the AI boom as artificial intelligence spreads. Shares of Amkor have surged 47% since the start of the year, and have almost quadrupled over the past 12 months. The company is positioned to assemble and test chips for tech giants in the US, China, and Europe. Data center spending is projected to reach $7 trillion globally by 2030, and products from smartphones to electronic vehicles are also using semiconductor technology to power AI-enabled features. AmkOr has secured several high-profile deals to provide its services to semiconductor makers and others companies, including Apple in 2023 and Taiwan Semiconductor Manufacturing Co in 2024. The dealmaking is likely to increase as funding for data centers increases. However, there are concerns that the growth of this stock could fall due to power constraints and laws limiting where facilities can be built.