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.
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