Welcome to our dedicated page for Amkor Technology news (Ticker: AMKR), a resource for investors and traders seeking the latest updates and insights on Amkor Technology 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, Inc. (Nasdaq: AMKR) has signed a non-binding preliminary memorandum of terms with the US Department of Commerce for proposed funding under the CHIPS and Science Act. The agreement includes up to $400 million in direct funding and access to $200 million in loans for Amkor's planned $2 billion advanced packaging and test facility in Peoria, Arizona.
The facility, set to be the largest outsourced advanced packaging and test facility in the US, will create approximately 2,000 jobs and feature over 500,000 square feet of clean room space. Amkor plans to leverage the Department of the Treasury's Investment Tax Credit, expected to be up to 25% of qualified capital expenditures. The project aims to strengthen the domestic semiconductor supply chain and is scheduled to begin production within three years.
Infineon Technologies AG and Amkor Technology, Inc. have signed a Memorandum of Understanding to promote decarbonization and sustainability across their supply chain. This partnership aims to:
- Engage with common suppliers to develop effective decarbonization strategies
- Identify areas for improvement in emissions reduction
- Support suppliers in setting science-based targets
- Provide guidance and track progress for continuous improvement
The collaboration expands on their existing Outsourced Semiconductor Assembly and Test (OSAT) relationship and aligns with both companies' sustainability goals. Infineon aims to become CO2-neutral for scope 1 and 2 by 2030, while Amkor targets net-zero emissions by 2050.
Amkor Technology (Nasdaq: AMKR), a foremost provider of semiconductor packaging and test services, will release its Q2 2024 financial results after market close on July 29, 2024. The company will hold a conference call and webcast at 5:00 p.m. ET the same day to discuss the results. Investors can access the live audio webcast and slide presentation via Amkor's Investor Relations website. A replay of the call will be available afterward. Additionally, the live call can be accessed by dialing 1-877-407-4019 or 1-201-689-8337.
Amkor Technology (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, has received approval from the Science Based Targets initiative (SBTi) for its ambitious net-zero greenhouse gas (GHG) emissions targets.
Amkor commits to achieving net-zero GHG emissions across its value chain by 2050. By 2033, the company aims to reduce absolute Scope 1 and 2 emissions by 55% from a 2022 baseline. Additionally, 80% of its suppliers by emissions will have science-based targets by 2028. Long-term goals include a 90% reduction in Scope 1 and 2 emissions and a 97% reduction in Scope 3 emissions per million USD value added by 2050.
Giel Rutten, Amkor’s CEO, emphasized the importance of these targets in aligning with global climate goals and addressing the increasing energy use in the semiconductor industry. The company plans to increase renewable energy use and prioritize decarbonization across its value chain, with regular progress reports to ensure transparency.
Amkor Technology (Nasdaq: AMKR), a leader in semiconductor packaging and test services, will participate in the Goldman Sachs Global Semiconductor Conference on May 29, 2024.
The presentation will occur at 12:50 pm Eastern Time at the Goldman Sachs Conference Center in New York, NY.
A live and replay webcast will be available on the Investor Relations section of Amkor's website. Management will also engage in one-on-one and small group meetings with investors.
Amkor Technology (Nasdaq: AMKR) has declared a quarterly cash dividend of $0.07875 per share on its common stock.
The dividend will be distributed on June 24, 2024, to shareholders who are on record as of June 4, 2024.
Amkor Technology is a leading provider of semiconductor packaging and test services.
Amkor Technology, Inc. (Nasdaq: AMKR) reported financial results for Q1 2024, with net sales of $1.37 billion, gross profit of $202 million, operating income of $73 million, net income of $59 million, and earnings per diluted share of $0.24. The company highlighted efforts to expand capacity for AI devices, strengthen partnerships, progress plans for an Advanced packaging and test facility, and focus on production ramp in Vietnam. Quarterly results showed a decrease in net sales compared to Q4 2023, but an increase in gross margin. The company provided guidance for Q2 2024, expecting net sales of $1.40-$1.50 billion, gross margin of 13.0%-15.0%, and net income of $35-$75 million.
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