Welcome to our dedicated page for Amkor Tech news (Ticker: AMKR), a resource for investors and traders seeking the latest updates and insights on Amkor Tech stock.
Amkor Technology, Inc. (NASDAQ: AMKR) is a global leader in providing outsourced semiconductor packaging and test services. Founded in 1968, Amkor has been at the forefront of the semiconductor industry, pioneering the outsourcing of integrated circuit (IC) packaging and test services. The company serves as a strategic manufacturing partner for over 250 leading semiconductor companies, foundries, and electronics OEMs worldwide.
Amkor's extensive operational base includes 10 million square feet of floor space spread across key electronics manufacturing regions in Asia, Europe, and the United States. This global footprint comprises production facilities, research and development centers, and sales and support offices, enabling the company to deliver high-quality services to its customers.
The company's product offerings are categorized into two main segments:
- Advanced Products: This category includes flip chip, fine pitch bumping, wafer-level processing, advanced system-in-package (SiP) solutions, power modules, and more. This segment is the primary revenue driver for the company.
- Mainstream Products: This includes wirebond packaging and testing services, which are essential for a wide range of applications.
Recently, Amkor has embarked on several significant projects. Notably, the company announced the construction of an advanced packaging and test facility in Peoria, Arizona. With an estimated investment of $2 billion, this facility will bolster the domestic semiconductor supply chain and create approximately 2,000 jobs. The first phase of the facility is expected to be completed within the next two to three years, with Apple as its initial and largest customer.
Amkor is also committed to sustainability, having set a goal to achieve net-zero greenhouse gas emissions by 2050. The company has established interim targets to reduce Scope 1 and 2 emissions by 55% by 2033 and to ensure that suppliers covering 67% of Scope 3 emissions have science-based targets by 2028.
In the financial arena, Amkor reported fourth-quarter 2023 net sales of $1.75 billion and a net income of $118 million. For the full year 2023, the company achieved net sales of $6.50 billion, with a gross profit of $943 million. Despite a cyclical downturn in the semiconductor industry, Amkor maintained its strategic focus on advanced packaging, gaining market share and supporting key markets such as high-performance computing, automotive, and communications.
Looking ahead, Amkor plans to invest approximately $750 million in capital expenditures for 2024 to support its growth initiatives. The company is well-positioned to leverage its technological capabilities, global footprint, and strategic partnerships to drive future growth and support the evolving needs of its customers.
For more information, visit amkor.com.
Amkor Technology (Nasdaq: AMKR), a leading semiconductor packaging and test services provider, has announced its participation in two upcoming investor conferences in San Francisco, California:
1. KeyBanc Capital Markets Emerging Technology Summit on Tuesday, March 4, 2025, with Amkor's presentation scheduled for 1:30 pm PST (4:30 pm EST)
2. Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 5, 2025, with Amkor's presentation set for 8:30 am PST (11:30 am EST)
Both presentations will be available via live webcasts and replays on the Investor Relations section of Amkor's website at ir.amkor.com. The company's management team will also be available for one-on-one and small group meetings with investors during these events.
Amkor Technology (Nasdaq: AMKR), a semiconductor packaging and test services provider, has announced a quarterly cash dividend of $0.08269 per share on its common stock. The dividend will be distributed on April 2, 2025, to stockholders recorded as of the close of business on March 13, 2025. This dividend declaration comes following approval from the company's Board of Directors.
Amkor Technology (AMKR) reported its Q4 and full-year 2024 financial results. Q4 net sales reached $1.63 billion with net income of $106 million ($0.43 per diluted share). For the full year 2024, the company recorded net sales of $6.32 billion, gross profit of $933 million, and net income of $354 million ($1.43 per diluted share).
The company experienced weakness in automotive, industrial, and communications markets, but achieved record revenue in computing with growth in ARM-based PCs and AI devices. Notable developments include the successful ramp of their Vietnam facility and securing CHIPS funding for U.S. manufacturing.
The Board approved a 5% increase in quarterly dividend to $0.08269 per share and a special dividend of $0.40546 per share. For Q1 2025, Amkor projects net sales between $1.225-1.325 billion with gross margin of 10.0-13.0%.
Amkor Technology (Nasdaq: AMKR), a prominent provider of semiconductor packaging and test services, will release its fourth quarter and full year 2024 financial results on February 10, 2025, after the Nasdaq Global Select Market closes.
Management will host a conference call and webcast to discuss the results on the same day at 5:00 p.m. Eastern Time (ET). Interested parties can access the live audio webcast and the accompanying slide presentation by visiting the Investor Relations section of Amkor’s website at ir.amkor.com.
An archived replay of the webcast will be available after the call. The live call can also be accessed by dialing 1-877-407-4019 or 1-201-689-8337.
Amkor Technology (Nasdaq: AMKR) has appointed John Liu to its Board of Directors. Liu, currently CEO of Essex Equity Capital Management and managing partner of Richmond Hill Investments since 2008, brings extensive financial expertise from his 12-year tenure at Greenhill & Co., where he served as CFO and co-head of U.S. Mergers and Acquisitions. He currently serves as an independent director at Whirlpool
With Liu's appointment, Amkor's Board now consists of eleven directors, with nine being independent. Liu holds an MBA from Wharton School and a bachelor's degree in economics from Harvard University.
Amkor Technology (Nasdaq: AMKR), a semiconductor packaging and test services provider, has announced its participation in two upcoming investor conferences. The company will present at the UBS Global Technology and AI Conference on December 3, 2024, at 9:35 am MST in Scottsdale, Arizona, and at the Nasdaq 51st International Investor Conference on December 10, 2024, at 8:30 am GMT in London. Live webcasts and replays will be available on Amkor's investor relations website, and management will be available for one-on-one and small group investor meetings.
Lightmatter and Amkor Technology (Nasdaq: AMKR) have announced a strategic partnership to create the largest-ever 3D-packaged chip complex using Lightmatter's Passage™ platform. The collaboration combines Lightmatter's 3D-stacked photonic engine with Amkor's multi-die packaging expertise to address AI workload demands. The Passage platform uses 3D integration of customer dies on a silicon photonic interconnect, enabling optical I/O across the chip area and providing higher connection density and bandwidth. The platform also integrates Optical Circuit Switching within the interconnect, offering enhanced resiliency and flexibility in interconnect topology.
Amkor Technology (Nasdaq: AMKR) announced a 5% increase in its quarterly cash dividend from $0.07875 to $0.08269 per share. Additionally, the Board approved a special cash dividend of approximately $100 million, or $0.40546 per share. Both dividends will be paid on December 23, 2024, to stockholders of record as of December 4, 2024. The special dividend aligns with Amkor's policy to return 40-50% of cumulative free cash flow to shareholders over time.
Amkor Technology (AMKR) reported Q3 2024 financial results with net sales of $1.86 billion, up 27% sequentially. The company achieved a gross profit of $272 million, operating income of $149 million, and net income of $123 million, resulting in earnings per diluted share of $0.49. The growth was primarily driven by strong demand for Advanced SiP technology in Communications and Consumer markets. The company maintains a strong financial position with $1.5 billion in cash and short-term investments, and $1.1 billion in total debt. For Q4 2024, Amkor projects net sales between $1.60-1.70 billion with gross margin of 13.5-15.5%.
Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, has announced that it will release its financial results for the third quarter of 2024 after the Nasdaq Global Select Market closes on Monday, October 28, 2024. The company will host a conference call and webcast to discuss the results on the same day at 5:00 p.m. Eastern Time.
Investors and interested parties can access the live audio webcast and accompanying slide presentation through the Investor Relations section of Amkor's website at ir.amkor.com. An archived replay of the webcast will be available after the call concludes. For those who prefer to join by phone, the live call can be accessed by dialing 1-877-407-4019 or 1-201-689-8337.
FAQ
What is the current stock price of Amkor Tech (AMKR)?
What is the market cap of Amkor Tech (AMKR)?
What does Amkor Technology, Inc. specialize in?
When was Amkor Technology, Inc. founded?
Where are Amkor's operational facilities located?
What are the recent projects undertaken by Amkor?
What are Amkor's sustainability goals?
What were Amkor's financial results for the fourth quarter of 2023?
Who are Amkor's primary customers?
What is the significance of Amkor's new facility in Arizona?
What is the breakdown of Amkor's product categories?
How much does Amkor plan to invest in capital expenditures for 2024?
