Amkor Technology Reports Financial Results for the Third Quarter 2024
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 (AMKR) ha riportato i risultati finanziari del terzo trimestre del 2024 con vendite nette di 1,86 miliardi di dollari, in aumento del 27% rispetto al trimestre precedente. L'azienda ha ottenuto un utile lordo di 272 milioni di dollari, un reddito operativo di 149 milioni di dollari e un utile netto di 123 milioni di dollari, con un utile per azione diluita pari a 0,49 dollari. La crescita è stata principalmente guidata da una forte domanda per la tecnologia Advanced SiP nei mercati delle comunicazioni e dei consumatori. L'azienda mantiene una solida posizione finanziaria con 1,5 miliardi di dollari in contante e investimenti a breve termine, e 1,1 miliardi di dollari di debito totale. Per il quarto trimestre del 2024, Amkor prevede vendite nette comprese tra 1,60 e 1,70 miliardi di dollari con un margine lordo del 13,5-15,5%.
Amkor Technology (AMKR) reportó los resultados financieros del tercer trimestre de 2024 con ventas netas de 1.86 mil millones de dólares, un aumento del 27% en comparación con el trimestre anterior. La compañía logró un beneficio bruto de 272 millones de dólares, un ingreso operativo de 149 millones de dólares y un ingreso neto de 123 millones de dólares, lo que resulta en ganancias por acción diluida de 0.49 dólares. El crecimiento fue impulsado principalmente por una fuerte demanda de la tecnología Advanced SiP en los mercados de comunicaciones y de consumidores. La empresa mantiene una sólida posición financiera con 1.5 mil millones de dólares en efectivo e inversiones a corto plazo, y 1.1 mil millones de dólares en deuda total. Para el cuarto trimestre de 2024, Amkor proyecta ventas netas entre 1.60 y 1.70 mil millones de dólares con un margen bruto del 13.5-15.5%.
앰코르 테크놀로지 (AMKR)는 2024년 3분기 재무 결과를 발표했으며, 순매출은 18억 6천만 달러로 이전 분기 대비 27% 증가했습니다. 회사는 2억 7천2백만 달러의 총 이익, 1억 4천9백만 달러의 운영 소득, 1억 2천3백만 달러의 순이익을 기록하여 희석 주당 수익이 0.49달러에 도달했습니다. 성장은 주로 통신 및 소비자 시장에서 Advanced SiP 기술에 대한 강력한 수요에 의해 촉진되었습니다. 회사는 15억 달러의 현금 및 단기 투자, 11억 달러의 총 부채로 강력한 재무 상태를 유지하고 있습니다. 2024년 4분기에는 매출이 16억에서 17억 달러 사이에 이르고, 총 이익률은 13.5-15.5%로 예상하고 있습니다.
Amkor Technology (AMKR) a annoncé les résultats financiers du troisième trimestre 2024 avec des ventes nettes de 1,86 milliard de dollars, soit une augmentation de 27 % par rapport au trimestre précédent. L’entreprise a réalisé un bénéfice brut de 272 millions de dollars, un résultat opérationnel de 149 millions de dollars et un revenu net de 123 millions de dollars, soit un bénéfice par action diluée de 0,49 dollar. La croissance a été principalement soutenue par une forte demande pour la technologie Advanced SiP sur les marchés des communications et des consommateurs. L'entreprise maintient une solide position financière avec 1,5 milliard de dollars en liquidités et investissements à court terme, et 1,1 milliard de dollars de dette totale. Pour le quatrième trimestre de 2024, Amkor prévoit un chiffre d'affaires net entre 1,60 et 1,70 milliard de dollars avec une marge brute de 13,5 à 15,5%.
Amkor Technology (AMKR) hat die Finanzzahlen für das 3. Quartal 2024 veröffentlicht, mit einem Nettoumsatz von 1,86 Milliarden Dollar, was einem Anstieg von 27% im Vergleich zum vorherigen Quartal entspricht. Das Unternehmen erzielte einen Bruttogewinn von 272 Millionen Dollar, ein Betriebsergebnis von 149 Millionen Dollar und ein Nettogewinn von 123 Millionen Dollar, was zu einem verwässerten Gewinn pro Aktie von 0,49 Dollar führte. Das Wachstum wurde hauptsächlich durch eine starke Nachfrage nach Advanced SiP-Technologie in Kommunikations- und Verbrauchermärkten angetrieben. Das Unternehmen verfügt über eine starke Finanzlage mit 1,5 Milliarden Dollar in Bar und kurzfristigen Investitionen sowie 1,1 Milliarden Dollar an Gesamtschulden. Für das 4. Quartal 2024 prognostiziert Amkor einen Nettoumsatz zwischen 1,60 und 1,70 Milliarden Dollar mit einer Bruttomarge von 13,5-15,5%.
- 27% sequential revenue growth to $1.86 billion
- Operating income increased to $149 million from $82 million in Q2
- Strong cash position of $1.5 billion
- Earnings per share improved to $0.49 from $0.27 in Q2
- Gross margin declined year-over-year from 15.5% to 14.6%
- Operating income margin decreased from 9.1% to 8.0% year-over-year
- Q4 guidance suggests sequential revenue decline
- EPS decreased year-over-year from $0.54 to $0.49
Insights
Amkor's Q3 results demonstrate mixed performance with
- Operating margin declined to
8.0% from9.1% YoY - EPS dropped to
$0.49 from$0.54 YoY - Q4 guidance suggests sequential revenue decline to
$1.60-1.70 billion
The substantial
Third Quarter 2024 Highlights
-
Net sales
, up$1.86 billion 27% sequentially -
Gross profit
, operating income$272 million $149 million -
Net income
, earnings per diluted share$123 million $0.49 -
EBITDA
$309 million
“Amkor delivered third quarter revenue of
Quarterly Financial Results
($ in millions, except per share data) |
|
Q3 2024 |
|
Q2 2024 |
|
Q3 2023 |
Net sales |
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|
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|
Gross margin |
|
|
|
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|
|
Operating income |
|
|
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Operating income margin |
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|
|
|
Net income attributable to Amkor |
|
|
|
|
|
|
Earnings per diluted share |
|
|
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|
|
|
EBITDA (1) |
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|
|
|
|
(1) EBITDA is a non-GAAP measure. The reconciliation to the comparable GAAP measure is included below under “Selected Operating Data.” |
At September 30, 2024, total cash and short-term investments was
The company paid a quarterly dividend of
Business Outlook
The following information presents Amkor’s guidance for the fourth quarter 2024 (unless otherwise noted):
-
Net sales of
to$1.60 billion $1.70 billion -
Gross margin of
13.5% to15.5% -
Net income of
to$70 million , or$110 million to$0.28 per diluted share$0.44 -
Full year 2024 capital expenditures of approximately
$750 million
Conference Call Information
Amkor will conduct a conference call on Monday, October 28, 2024, at 5:00 p.m. Eastern Time. This call may include material information not included in this press release. To access the live audio webcast and the accompanying slide presentation, visit the Investor Relations section of Amkor’s website, located at ir.amkor.com. The live call can also be accessed by dialing 1-877-407-4019 or 1-201-689-8337.
About Amkor Technology, Inc.
Amkor Technology, Inc. is the world's largest US headquartered OSAT (outsourced semiconductor assembly and test) service provider. Since its founding in 1968, Amkor has pioneered the outsourcing of IC packaging and test services and is a strategic manufacturing partner for the world's leading semiconductor companies, foundries, and electronics OEMs. Amkor provides turnkey manufacturing services for the communication, automotive and industrial, computing, and consumer industries, including but not limited to smartphones, electric vehicles, data centers, artificial intelligence and wearables. Amkor's operational base includes production facilities, research and development centers, and sales and support offices located in key electronics manufacturing regions in
AMKOR TECHNOLOGY, INC. Selected Operating Data |
|||||||||||
|
Q3 2024 |
|
Q2 2024 |
|
Q3 2023 |
||||||
Net Sales Data: |
|
|
|
|
|
||||||
Net sales (in millions): |
|
|
|
|
|
||||||
Advanced products (1) |
$ |
1,568 |
|
|
$ |
1,180 |
|
|
$ |
1,452 |
|
Mainstream products (2) |
|
294 |
|
|
|
281 |
|
|
|
370 |
|
Total net sales |
$ |
1,862 |
|
|
$ |
1,461 |
|
|
$ |
1,822 |
|
|
|
|
|
|
|
||||||
Packaging services |
|
90 |
% |
|
|
88 |
% |
|
|
88 |
% |
Test services |
|
10 |
% |
|
|
12 |
% |
|
|
12 |
% |
|
|
|
|
|
|
||||||
Net sales from top ten customers |
|
74 |
% |
|
|
72 |
% |
|
|
72 |
% |
|
|
|
|
|
|
||||||
End Market Distribution Data: |
|
|
|
|
|
||||||
Communications (smartphones, tablets) |
|
52 |
% |
|
|
48 |
% |
|
|
55 |
% |
Automotive, industrial and other (ADAS, electrification, infotainment, safety) |
|
16 |
% |
|
|
20 |
% |
|
|
19 |
% |
Computing (data center, infrastructure, PC/laptop, storage) |
|
16 |
% |
|
|
20 |
% |
|
|
14 |
% |
Consumer (AR & gaming, connected home, home electronics, wearables) |
|
16 |
% |
|
|
12 |
% |
|
|
12 |
% |
Total |
|
100 |
% |
|
|
100 |
% |
|
|
100 |
% |
|
|
|
|
|
|
||||||
Gross Margin Data: |
|
|
|
|
|
||||||
Net sales |
|
100.0 |
% |
|
|
100.0 |
% |
|
|
100.0 |
% |
Cost of sales: |
|
|
|
|
|
||||||
Materials |
|
58.4 |
% |
|
|
54.0 |
% |
|
|
56.8 |
% |
Labor |
|
8.7 |
% |
|
|
10.4 |
% |
|
|
8.8 |
% |
Other manufacturing |
|
18.3 |
% |
|
|
21.1 |
% |
|
|
18.9 |
% |
Gross margin |
|
14.6 |
% |
|
|
14.5 |
% |
|
|
15.5 |
% |
(1) Advanced products include flip chip, memory and wafer-level processing and related test services. |
|||||||||||
(2) Mainstream products include all other wirebond packaging and related test services. |
AMKOR TECHNOLOGY, INC. Selected Operating Data |
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In this press release, we refer to EBITDA, which is not defined by |
|||||||||||
Non-GAAP Financial Measure Reconciliation: |
|
|
|
|
|
||||||
(in millions) |
Q3 2024 |
|
Q2 2024 |
|
Q3 2023 |
||||||
EBITDA Data: |
|
|
|
|
|
||||||
Net income |
$ |
123 |
|
$ |
67 |
|
$ |
133 |
|||
Plus: Interest expense |
|
16 |
|
|
|
16 |
|
|
|
13 |
|
Plus: Income tax expense |
|
19 |
|
|
|
14 |
|
|
|
29 |
|
Plus: Depreciation & amortization |
|
151 |
|
|
|
150 |
|
|
|
158 |
|
EBITDA |
$ |
309 |
|
|
$ |
247 |
|
|
$ |
333 |
|
AMKOR TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) (Unaudited) |
|||||||||||||||
For the Three Months Ended September 30, |
|
For the Nine Months Ended September 30, |
|||||||||||||
|
2024* |
|
2023 |
|
2024* |
|
2023 |
||||||||
Net sales |
$ |
1,861,589 |
|
|
$ |
1,821,793 |
|
|
$ |
4,688,574 |
|
|
$ |
4,751,254 |
|
Cost of sales |
|
1,589,105 |
|
|
|
1,539,040 |
|
|
|
4,002,072 |
|
|
|
4,087,210 |
|
Gross profit |
|
272,484 |
|
|
|
282,753 |
|
|
|
686,502 |
|
|
|
664,044 |
|
Selling, general and administrative |
|
80,753 |
|
|
|
73,020 |
|
|
|
262,379 |
|
|
|
216,551 |
|
Research and development |
|
42,364 |
|
|
|
43,135 |
|
|
|
120,103 |
|
|
|
135,870 |
|
Total operating expenses |
|
123,117 |
|
|
|
116,155 |
|
|
|
382,482 |
|
|
|
352,421 |
|
Operating income |
|
149,367 |
|
|
|
166,598 |
|
|
|
304,020 |
|
|
|
311,623 |
|
Interest expense |
|
15,622 |
|
|
|
13,001 |
|
|
|
47,866 |
|
|
|
43,522 |
|
Other (income) expense, net |
|
(8,130 |
) |
|
|
(8,777 |
) |
|
|
(39,273 |
) |
|
|
(24,212 |
) |
Total other expense, net |
|
7,492 |
|
|
|
4,224 |
|
|
|
8,593 |
|
|
|
19,310 |
|
Income before taxes |
|
141,875 |
|
|
|
162,374 |
|
|
|
295,427 |
|
|
|
292,313 |
|
Income tax expense |
|
19,185 |
|
|
|
28,923 |
|
|
|
45,693 |
|
|
|
49,194 |
|
Net income |
|
122,690 |
|
|
|
133,451 |
|
|
|
249,734 |
|
|
|
243,119 |
|
Net income attributable to non-controlling interests |
|
(121 |
) |
|
|
(837 |
) |
|
|
(1,371 |
) |
|
|
(868 |
) |
Net income attributable to Amkor |
$ |
122,569 |
|
|
$ |
132,614 |
|
|
$ |
248,363 |
|
|
$ |
242,251 |
|
|
|
|
|
|
|
|
|
||||||||
Net income attributable to Amkor per common share: |
|
|
|
|
|
|
|
||||||||
Basic |
$ |
0.50 |
|
|
$ |
0.54 |
|
|
$ |
1.01 |
|
|
$ |
0.99 |
|
Diluted |
$ |
0.49 |
|
|
$ |
0.54 |
|
|
$ |
1.00 |
|
|
$ |
0.98 |
|
|
|
|
|
|
|
|
|
||||||||
Shares used in computing per common share amounts: |
|
|
|
|
|
|
|
||||||||
Basic |
|
246,480 |
|
|
|
245,740 |
|
|
|
246,239 |
|
|
|
245,571 |
|
Diluted |
|
247,922 |
|
|
|
247,129 |
|
|
|
247,798 |
|
|
|
247,080 |
|
*We periodically assess the estimated useful lives of our property, plant and equipment. Based on our assessment of test equipment and its increased interchangeability enabling broader and longer use, we extended the estimated useful lives of test equipment from five years to seven years as of January 1, 2024. As a result, depreciation expense was reduced by approximately |
AMKOR TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) |
|||||||
September 30, 2024 |
|
December 31, 2023 |
|||||
ASSETS |
|||||||
Current assets: |
|
|
|
||||
Cash and cash equivalents |
$ |
959,140 |
|
|
$ |
1,119,818 |
|
Short-term investments |
|
512,333 |
|
|
|
474,869 |
|
Accounts receivable, net of allowances |
|
1,351,817 |
|
|
|
1,149,493 |
|
Inventories |
|
349,513 |
|
|
|
393,128 |
|
Other current assets |
|
71,515 |
|
|
|
58,502 |
|
Total current assets |
|
3,244,318 |
|
|
|
3,195,810 |
|
Property, plant and equipment, net |
|
3,538,841 |
|
|
|
3,299,445 |
|
Operating lease right of use assets |
|
114,104 |
|
|
|
117,006 |
|
Goodwill |
|
19,643 |
|
|
|
20,003 |
|
Restricted cash |
|
786 |
|
|
|
799 |
|
Other assets |
|
111,394 |
|
|
|
138,062 |
|
Total assets |
$ |
7,029,086 |
|
|
$ |
6,771,125 |
|
LIABILITIES AND EQUITY |
|||||||
Current liabilities: |
|
|
|
||||
Short-term borrowings and current portion of long-term debt |
$ |
207,570 |
|
|
$ |
131,624 |
|
Trade accounts payable |
|
811,946 |
|
|
|
754,453 |
|
Capital expenditures payable |
|
210,398 |
|
|
|
106,368 |
|
Short-term operating lease liability |
|
27,657 |
|
|
|
33,616 |
|
Accrued expenses |
|
315,260 |
|
|
|
358,414 |
|
Total current liabilities |
|
1,572,831 |
|
|
|
1,384,475 |
|
Long-term debt |
|
893,994 |
|
|
|
1,071,832 |
|
Pension and severance obligations |
|
87,584 |
|
|
|
87,133 |
|
Long-term operating lease liabilities |
|
62,279 |
|
|
|
56,837 |
|
Other non-current liabilities |
|
215,144 |
|
|
|
175,813 |
|
Total liabilities |
|
2,831,832 |
|
|
|
2,776,090 |
|
|
|
|
|
||||
Stockholders’ equity: |
|
|
|
||||
Preferred stock |
|
— |
|
|
|
— |
|
Common stock |
|
293 |
|
|
|
292 |
|
Additional paid-in capital |
|
2,028,024 |
|
|
|
2,008,170 |
|
Retained earnings |
|
2,349,938 |
|
|
|
2,159,831 |
|
Accumulated other comprehensive income (loss) |
|
10,248 |
|
|
|
16,350 |
|
Treasury stock |
|
(224,882 |
) |
|
|
(222,335 |
) |
Total Amkor stockholders’ equity |
|
4,163,621 |
|
|
|
3,962,308 |
|
Non-controlling interests in subsidiaries |
|
33,633 |
|
|
|
32,727 |
|
Total equity |
|
4,197,254 |
|
|
|
3,995,035 |
|
Total liabilities and equity |
$ |
7,029,086 |
|
|
$ |
6,771,125 |
|
AMKOR TECHNOLOGY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) |
|||||||
For the Nine Months Ended September 30, |
|||||||
|
2024 |
|
2023 |
||||
Cash flows from operating activities: |
|
|
|
||||
Net income |
$ |
249,734 |
|
|
$ |
243,119 |
|
Depreciation and amortization |
|
445,470 |
|
|
|
472,396 |
|
Other operating activities and non-cash items |
|
22,558 |
|
|
|
30,717 |
|
Changes in assets and liabilities |
|
(166,502 |
) |
|
|
(50,045 |
) |
Net cash provided by operating activities |
|
551,260 |
|
|
|
696,187 |
|
Cash flows from investing activities: |
|
|
|
||||
Payments for property, plant and equipment |
|
(458,067 |
) |
|
|
(511,654 |
) |
Proceeds from sale of property, plant and equipment |
|
5,097 |
|
|
|
1,580 |
|
Proceeds from foreign exchange forward contracts |
|
32,185 |
|
|
|
31,038 |
|
Payments for foreign exchange forward contracts |
|
(58,430 |
) |
|
|
(70,251 |
) |
Payments for short-term investments |
|
(441,851 |
) |
|
|
(491,056 |
) |
Proceeds from sale of short-term investments |
|
44,361 |
|
|
|
71,159 |
|
Proceeds from maturities of short-term investments |
|
367,522 |
|
|
|
267,393 |
|
Other investing activities |
|
7,431 |
|
|
|
4,894 |
|
Net cash used in investing activities |
|
(501,752 |
) |
|
|
(696,897 |
) |
Cash flows from financing activities: |
|
|
|
||||
Proceeds from revolving credit facilities |
|
— |
|
|
|
370,000 |
|
Payments of revolving credit facilities |
|
— |
|
|
|
(370,000 |
) |
Proceeds from short-term debt |
|
5,012 |
|
|
|
20,712 |
|
Payments of short-term debt |
|
(9,731 |
) |
|
|
(14,632 |
) |
Proceeds from long-term debt |
|
58,727 |
|
|
|
— |
|
Payments of long-term debt |
|
(147,603 |
) |
|
|
(104,952 |
) |
Payments of finance lease obligations |
|
(56,359 |
) |
|
|
(48,409 |
) |
Payments of dividends |
|
(58,196 |
) |
|
|
(55,328 |
) |
Other financing activities |
|
819 |
|
|
|
(1,801 |
) |
Net cash used in financing activities |
|
(207,331 |
) |
|
|
(204,410 |
) |
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash |
|
(2,868 |
) |
|
|
(17,603 |
) |
Net decrease in cash, cash equivalents and restricted cash |
|
(160,691 |
) |
|
|
(222,723 |
) |
Cash, cash equivalents and restricted cash, beginning of period |
|
1,120,617 |
|
|
|
962,406 |
|
Cash, cash equivalents and restricted cash, end of period |
$ |
959,926 |
|
|
$ |
739,683 |
|
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements within the meaning of the federal securities laws. You are cautioned not to place undue reliance on forward-looking statements, which are often characterized by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or “intend,” by the negative of these terms or other comparable terminology or by discussions of strategy, plans or intentions. All forward-looking statements in this press release are made based on our current expectations, forecasts, estimates and assumptions. Because such statements include risks and uncertainties, actual results may differ materially from those anticipated in such forward-looking statements as a result of various factors, including, but not limited to, the following:
- dependence on the cyclical and volatile semiconductor industry and vulnerability to industry downturns and declines in global economic and financial conditions;
- dependence on key customers or concentration of customers in certain end markets, such as mobile communications and automotive;
- changes in costs, quality, availability and delivery times of raw materials, components and equipment;
- health conditions or pandemics, such as COVID-19, impacting labor availability and operating capacity, capital availability, the supply chain and consumer demand for our customers’ products and services;
- fluctuations in operating results and cash flows;
- our substantial indebtedness;
- dependence on international factories and operations and risks relating to trade restrictions and regional conflict;
- the effects of business, economic, political, legal and regulatory impacts or conflicts upon our global operations;
- fluctuations in interest rates and changes in credit risk;
- competition with established competitors in the packaging and test business, the internal capabilities of integrated device manufacturers and new competitors, including foundries and contract manufacturers;
- difficulty funding our liquidity needs, including as a result of disruptions to the banking system and capital markets;
- our substantial investments in equipment and facilities to support the demand of our customers;
- difficulty attracting, retaining or replacing qualified personnel;
- difficulty achieving the relatively high-capacity utilization rates necessary to realize satisfactory gross margins given our high percentage of fixed costs;
- maintaining an effective system of internal controls;
- the absence of backlog and the short-term nature of our customers’ commitments;
- our continuing development and implementation of changes to, and maintenance and security of, our information technology systems;
- the historical downward pressure on the prices of our packaging and test services;
- challenges with integrating diverse operations;
- fluctuations in our manufacturing yields;
- any changes in tax laws, taxing authorities not agreeing with our interpretation of applicable tax laws, including whether we continue to qualify for conditional reduced tax rates, or any requirements to establish or adjust valuation allowances on deferred tax assets;
- our ability to develop new proprietary technology, protect our proprietary technology, operate without infringing the proprietary rights of others and implement new technologies;
- conditions to, and obligations related to, the receipt of government incentives;
- environmental, health and safety liabilities and expenditures;
- warranty claims, product return and liability risks, and the risk of negative publicity if our products fail, as well as the risk of litigation incident to our business;
- natural disasters and other calamities, political instability, hostilities or other disruptions;
- restrictive covenants in the indentures and agreements governing our current and future indebtedness;
- the possibility that we may decrease or suspend our quarterly dividend;
-
significant severance plan obligations associated with our manufacturing operations in
Korea ; and - the ability of certain of our stockholders to effectively determine or substantially influence the outcome of matters requiring stockholder approval.
Other important risk factors that could affect the outcome of the events set forth in these statements and that could affect our operating results and financial condition are discussed in the company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “Form 10-K”) and from time to time in our other reports filed with or furnished to the Securities and Exchange Commission (“SEC”). You should carefully consider the trends, risks and uncertainties described in this press release, the Form 10-K and other reports filed with or furnished to the SEC before making any investment decision with respect to our securities. If any of these trends, risks or uncertainties continues or occurs, our business, financial condition or operating results could be materially and adversely affected, the trading prices of our securities could decline, and you could lose part or all of your investment. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement. We assume no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release except as may be required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241028993598/en/
Jennifer Jue
Vice President, Investor Relations and Finance
480-786-7594
jennifer.jue@amkor.com
Source: Amkor Technology, Inc.
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