Amkor Technology Signs Commitment to Science-Based Targets initiative (SBTi) to Reduce Greenhouse Gas Emissions

Rhea-AI Summary

Amkor Technology, Inc. commits to reducing greenhouse gas emissions by setting targets aligned with the Science Based Targets initiative. The company plans to submit its targets for validation in Q4 2023.

TEMPE, Ariz.--(BUSINESS WIRE)-- Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, announced today that it has committed to setting targets to reduce greenhouse gas emissions in alignment with the Science Based Targets initiative (SBTi).

Amkor's commitment includes the formulation of both near-term and net zero emissions targets. These targets are designed in accordance with SBTi's stringent guidelines, which define and promote best practices in emissions reduction. By adopting the SBTi framework, Amkor reinforces its dedication to proactively curbing its carbon footprint on a global scale in line with science-based principles. The company anticipates submitting its targets to SBTi for validation in the fourth quarter of 2023.

“At Amkor, we recognize that reducing our greenhouse gas emissions is a top priority for our customers, investors, employees, and other stakeholders,” said Giel Rutten, Amkor’s president and chief executive officer. “We have taken this important step towards net zero to move beyond what we have done already and advance our decarbonization efforts.”

Amkor's dedication to sustainability is deeply ingrained in its core values of Reliability and Trust. The decision to establish near-term and net zero emissions targets reflects the company's commitment to environmental stewardship and sustainable practices, further reinforcing its alignment with these core values.

To learn more about Amkor’s ESG initiatives, please visit amkor.com/esg/.

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 Asia, Europe and the United States. For more information, visit amkor.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231106737136/en/

Investor Relations

Jennifer Jue

Vice President, Investor Relations and Finance

480-786-7594

jennifer.jue@amkor.com

Media Relations

Christina Parsons

Director, Marketing Communications

480-786-7823

christina.parsons@amkor.com

Social Media: @amkortechnology

Source: Amkor Technology, Inc.

FAQ

What is Amkor Technology, Inc. (Nasdaq: AMKR) committing to?

Amkor is committing to setting targets to reduce greenhouse gas emissions in alignment with the Science Based Targets initiative.

When does Amkor plan to submit its targets for validation?

Amkor anticipates submitting its targets to SBTi for validation in the fourth quarter of 2023.

What are Amkor's core values related to this commitment?

Amkor's dedication to sustainability is deeply ingrained in its core values of Reliability and Trust.