KYEC, a Taiwanese chip-testing company, says its board has approved a prepayment agreement with Nvidia to support plans to build testing capacity in the US.
Under the agreement, Nvidia will make advance payments, while KYEC and its wholly owned US subsidiary, AeternZ Semiconductor Testing, will add testing capacity in the US and reserve it for Nvidia. The payments will be credited against future testing fees.
The Oct. 13 filing did not disclose the prepayment amount, how much capacity the agreement covers or when that capacity would be available.
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