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) will release its financial results for Q1 2023 on May 1, 2023, after market close. The management will hold a conference call and webcast to discuss the results at 5:00 p.m. ET on the same day. Investors can access the live audio webcast via the Investor Relations section of Amkor’s website. The archived replay will be available post-call. Founded in 1968, Amkor is a major player in semiconductor packaging and test services, serving leading semiconductor companies and OEMs across Asia, Europe, and the USA.
Amkor Technology, Inc. (Nasdaq: AMKR) is advancing the use of silicon carbide in automotive power packaging, positioning itself as a leader in outsourced semiconductor assembly and test (OSAT). As demand for electrification grows, Amkor focuses on silicon carbide for its efficiency in high-power applications, particularly in electric vehicles (EVs). Their recent investments enable customers to scale silicon carbide production efficiently, while Amkor maintains a strong global presence to support this demand. Through technology leadership and comprehensive solutions, Amkor aims to solidify its role as a key OSAT partner for automotive manufacturers.
Amkor Technology, Inc. (Nasdaq: AMKR) announced its financial results for Q4 and full year 2022, reporting record net sales of $1.91 billion for Q4, an 11% increase year-on-year, and $7.09 billion for the full year, a 16% rise. Net income for Q4 was $164 million, with earnings per diluted share at $0.67. Full year net income reached $766 million, with EPS of $3.11. However, guidance for Q1 2023 estimates a 9% decline in sales, with expected net income of $15 million to $55 million. The company also announced a 50% increase in its quarterly cash dividend effective December 27, 2022.
Amkor Technology, Inc. has announced a quarterly cash dividend of $0.075 per share on its common stock, which is set to be paid on March 20, 2023. Stockholders of record as of February 28, 2023 will be eligible to receive this dividend. Amkor is recognized as a leading provider of semiconductor packaging and test services, with a strategic role in the global semiconductor industry, partnering with key manufacturers and electronics OEMs across Asia, Europe, and the USA.
Amkor Technology, Inc. (Nasdaq: AMKR) will announce its fourth quarter and full year 2022 financial results after market close on February 13, 2023. The company will hold a conference call and webcast at 5:00 p.m. ET the same day to review these results. Investors can access the live audio and accompanying materials via the Investor Relations webpage. An archived replay will be available post-call.
As a leader in semiconductor packaging and test services, Amkor has been a vital partner for major semiconductor companies globally, with operational facilities across Asia, Europe, and the USA.
Amkor Technology, Inc. (NASDAQ: AMKR) has announced a 50% increase in its quarterly cash dividend, raising it from $0.05 to $0.075 per share, effective December 27, 2022, for shareholders of record as of December 6, 2022. The company plans to return 40% to 50% of cumulative free cash flow generated from 2022 onward, contingent on various factors including strategic investments and Board approval. This move reflects Amkor's confidence in its long-term financial stability while allowing for ongoing business investments.
Amkor Technology, Inc. (NASDAQ: AMKR) announced its participation in two upcoming investor conferences. The first is the Credit Suisse 26th Annual Technology Conference on November 29, 2022, at 1:40 PM MT in Scottsdale, AZ. The second is the Nasdaq 47th International Investor Conference on December 7, 2022, at 11:00 AM GMT in London, UK. Live webcasts of the presentations will be accessible on Amkor's Investor Relations website, along with opportunities for one-on-one meetings with management.
Amkor Technology, Inc. (AMKR) reported strong financial results for Q3 2022, with net sales reaching $2.1 billion, a 24% increase year-on-year. Gross profit was $421 million, and operating income was $319 million, resulting in a net income of $306 million or $1.24 earnings per diluted share. All end markets achieved record revenue levels, driven by effective production ramps for new products. Despite economic uncertainties, Amkor remains well-positioned in advanced packaging to capitalize on industry trends.
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