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James J. Kim to Retire as Executive Chairman

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Amkor Technology, Inc. (Nasdaq: AMKR) announced that founder James Kim will retire as Executive Chairman effective October 31, 2024, after more than 56 years of service. Susan Y. Kim, currently Executive Vice Chairman, will become Chairman of the Board. James Kim will be recognized as Chairman Emeritus upon retirement.

Founded in 1968, Amkor is a leading provider of semiconductor packaging and test services. The company is well-positioned for growth with strong technology leadership in advanced packaging, a diversified global footprint, and partnerships with lead customers. CEO Giel Rutten expressed confidence in the company's future under the new leadership structure.

Amkor Technology, Inc. (Nasdaq: AMKR) ha annunciato che il fondatore James Kim si ritirerà dal ruolo di Presidente Esecutivo a partire dal 31 ottobre 2024, dopo oltre 56 anni di servizio. Susan Y. Kim, attualmente Vicepresidente Esecutivo, diventerà Presidente del Consiglio. James Kim sarà riconosciuto come Presidente Emerito al momento del ritiro.

Fondata nel 1968, Amkor è un fornitore leader di servizi di imballaggio e collaudo di semiconduttori. L'azienda è ben posizionata per la crescita grazie a una forte leadership tecnologica nell'imballaggio avanzato, una presenza globale diversificata e partnership con clienti di primo piano. Il CEO Giel Rutten ha espresso fiducia nel futuro dell'azienda sotto la nuova struttura di leadership.

Amkor Technology, Inc. (Nasdaq: AMKR) anunció que su fundador James Kim se retirará como Presidente Ejecutivo a partir del 31 de octubre de 2024, después de más de 56 años de servicio. Susan Y. Kim, actualmente Vicepresidenta Ejecutiva, se convertirá en Presidenta de la Junta. James Kim será reconocido como Presidente Emérito al momento de su retiro.

Fundada en 1968, Amkor es un proveedor líder de servicios de empaquetado y prueba de semiconductores. La compañía está bien posicionada para el crecimiento con un sólido liderazgo tecnológico en empaquetado avanzado, una huella global diversificada y asociaciones con clientes líderes. El CEO Giel Rutten expresó confianza en el futuro de la empresa bajo la nueva estructura de liderazgo.

암코어 테크놀로지 주식회사(Nasdaq: AMKR)는 창립자 제임스 김이 2024년 10월 31일부로 이사회 의장직에서 은퇴한다고 발표했습니다. 56년 이상의 서비스 후에 이루어지는 결정입니다. 현재 부회장인 수잔 Y. 김이 이사회 의장이 됩니다. 제임스 김은 은퇴 시 명예 의장으로 인정받게 됩니다.

1968년에 설립된 암코어는 반도체 포장 및 테스트 서비스의 선도적인 공급업체입니다. 회사는 첨단 포장 기술에서 강력한 기술 리더십, 다양한 글로벌 입지 및 주요 고객과의 파트너십을 통해 성장할 수 있는 좋은 위치에 있습니다. CEO 길 루텐은 새로운 리더십 구조 아래에서 회사의 미래에 대한 신뢰를 표명했습니다.

Amkor Technology, Inc. (Nasdaq: AMKR) a annoncé que le fondateur James Kim prendra sa retraite en tant que Président Exécutif à compter du 31 octobre 2024, après plus de 56 ans de service. Susan Y. Kim, actuellement Vice-Présidente Exécutive, deviendra Présidente du Conseil. James Kim sera reconnu comme Président Émérite au moment de sa retraite.

Fondée en 1968, Amkor est un fournisseur leader de services d'emballage et de test de semi-conducteurs. L'entreprise est bien positionnée pour la croissance grâce à un fort leadership technologique dans l'emballage avancé, une empreinte mondiale diversifiée et des partenariats avec des clients clés. Le PDG Giel Rutten a exprimé sa confiance dans l'avenir de l'entreprise sous la nouvelle structure de leadership.

Amkor Technology, Inc. (Nasdaq: AMKR) gab bekannt, dass der Gründer James Kim zum 31. Oktober 2024 als Exekutivvorsitzender zurücktritt, nachdem er mehr als 56 Jahre im Dienst war. Susan Y. Kim, derzeit Exekutivvizevorsitzende, wird Vorsitzende des Vorstands werden. James Kim wird bei seinem Rücktritt als Ehrenvorsitzender anerkannt.

Gegründet im Jahr 1968, ist Amkor ein führender Anbieter von Verpackungs- und Testdiensten für Halbleiter. Das Unternehmen ist gut positioniert für Wachstum mit einer starken technologischen Führungsrolle im Bereich Advanced Packaging, einer diversifizierten globalen Präsenz und Partnerschaften mit führenden Kunden. CEO Giel Rutten äußerte Vertrauen in die Zukunft des Unternehmens unter der neuen Führungsstruktur.

Positive
  • Smooth leadership transition with Susan Y. Kim becoming Chairman of the Board
  • Company is financially sound and well-positioned for growth
  • Strong technology leadership in advanced packaging
  • Diversified global footprint
  • Partnerships with lead customers
Negative
  • None.

Susan Y. Kim to become Chairman of the Board

TEMPE, Ariz.--(BUSINESS WIRE)-- Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, announced today that James Kim will be stepping down as Executive Chairman of Amkor and retiring from the company effective October 31, 2024. Susan Kim, Amkor’s Executive Vice Chairman, will become Chairman of the Board at that time.

Mr. Kim founded Amkor in 1968 and has been a pioneer in the outsourced semiconductor assembly and test services industry during his more than 56 years of service to the company. In recognition of his extraordinary contributions, the Board will recognize Mr. Kim with the honorary title of Chairman Emeritus upon his retirement.

“After more than 50 years, I have decided that now is the appropriate time for me to retire,” said Mr. Kim. “Amkor is financially sound, and with our strong technology leadership in advanced packaging, a uniquely diversified global footprint, and partnerships with lead customers, we are well positioned for growth. I have full confidence in our president and chief executive officer, Giel Rutten, my daughter, Susan, as Chairman of the Board, and our other Board members to help lead the company to great success in the future.”

“I congratulate Mr. Kim on his remarkable achievements in this industry, and, on behalf of Amkor’s management team and the company’s employees, I thank him for his guidance and leadership,” said Giel Rutten, Amkor’s president and chief executive officer. “He had an entrepreneur’s vision of what Amkor could become, and he devoted immeasurable efforts to turn that vision into a strategic manufacturing partner for the world’s leading semiconductor companies, foundries and electronics OEMs. We welcome Susan Kim in her new role as Chairman of the Board. With this clear demonstration of continuing support from the Kim family, we will continue to follow Mr. Kim’s example of dedication and commitment as we work to extend Amkor’s position as a global advanced packaging leader.”

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.

Forward-Looking Statement Disclaimer

This press release contains forward-looking statements within the meaning of the federal securities laws, including statements about financial condition, growth and competitive position. You are cautioned not to place undue reliance on forward-looking statements. 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. Risk factors that could affect the outcome of the events set forth in these statements include the factors discussed in the company’s reports filed with or furnished to the Securities and Exchange Commission. 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.

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

When will James Kim retire as Executive Chairman of Amkor Technology (AMKR)?

James Kim will retire as Executive Chairman of Amkor Technology (AMKR) effective October 31, 2024.

Who will become the new Chairman of the Board for Amkor Technology (AMKR)?

Susan Y. Kim, currently Executive Vice Chairman, will become the new Chairman of the Board for Amkor Technology (AMKR) on October 31, 2024.

How long has James Kim served at Amkor Technology (AMKR)?

James Kim has served at Amkor Technology (AMKR) for more than 56 years, having founded the company in 1968.

What honorary title will James Kim receive upon retirement from Amkor Technology (AMKR)?

Upon retirement, James Kim will be recognized with the honorary title of Chairman Emeritus at Amkor Technology (AMKR).

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