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Amkor Technology Inc - AMKR STOCK NEWS

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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Amkor Technology, Inc. (AMKR) announced its financial results for Q4 and full year 2021, achieving record net sales of $1.72 billion, a 3% sequential increase and 26% year-on-year growth. The company recorded a gross profit of $362 million and a net income of $217 million, resulting in earnings per diluted share of $0.88. For the full year, net sales reached $6.14 billion, up 22% from 2020. The company expects 2022 to continue its growth trajectory with Q1 sales guidance of $1.50 to $1.60 billion.

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Amkor Technology, Inc. (Nasdaq: AMKR) announced a quarterly cash dividend of $0.05 per share, payable on March 21, 2022. This dividend will benefit stockholders of record as of the close of business on March 1, 2022. Amkor is a major provider of semiconductor packaging and test services, with operations across Asia, Europe, and the USA, and supports leading semiconductor companies and electronics OEMs. The company's commitment to returning value to shareholders is reflected in this dividend announcement.

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Amkor Technology (NASDAQ: AMKR) will release its financial results for Q4 and the full year 2021 on February 14, 2022, post-market close. A conference call will follow at 5:00 p.m. ET to discuss the results, accessible via Amkor's Investor Relations website or by dialing in. Amkor is a leader in outsourced semiconductor packaging and testing, serving major semiconductor companies across Asia, Europe, and the USA.

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Amkor Technology (NASDAQ: AMKR), a leading semiconductor packaging and test services provider, will present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 3:30 PM ET. A live webcast of the presentation will be available for replay on Amkor's Investor Relations website.

Founded in 1968, Amkor is a major player in outsourced semiconductor services, with operations in Asia, Europe, and the USA, supporting top semiconductor firms and OEMs.

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Amkor Technology, Inc. (NASDAQ: AMKR) has announced a 25% increase in its quarterly cash dividend, raising it from $0.04 to $0.05 per share. This change will be effective with the dividend payment on December 28, 2021 for stockholders of record on December 7, 2021. The decision reflects Amkor's strong operating results and healthy financial position. CEO Giel Rutten emphasized the company's commitment to returning capital to shareholders while investing in future growth.

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Amkor Technology, Inc. (NASDAQ: AMKR) will participate in the Bank of America Securities 2021 Virtual Leveraged Finance Conference on November 30, 2021. The company's presentation is scheduled for 12:45 PM Eastern Time. Investors can access the live and recorded webcast on Amkor's Investor Relations website.

Amkor, established in 1968, is a leading provider of semiconductor packaging and test services, supporting major semiconductor companies worldwide.

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Amkor Technology, Inc. (NASDAQ: AMKR) announced plans to construct a smart factory in Bac Ninh, Vietnam, focusing on Advanced System in Package (SiP) assembly and testing for leading semiconductor firms. The first construction phase, estimated at $200-$250 million, involves 20,000 square meters and is expected to begin in 2022, with production commencing by late 2023. This investment aims to diversify operations, boost capacity, and meet the growing demand for assembly and test solutions, supported by a strong local labor force.

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Amkor Technology reported a remarkable third quarter in 2021, achieving record net sales of $1.68 billion, a 20% sequential increase and 24% year-on-year growth. The company also recorded gross profit of $325 million and operating income of $211 million, resulting in earnings per diluted share of $0.74. With a gross margin of 19.3% and EBITDA of $358 million, Amkor anticipates continued momentum, projecting fourth-quarter net sales between $1.59 billion and $1.69 billion.

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Amkor Technology, Inc. will announce its third-quarter financial results on October 25, 2021, post-market closure. The company will conduct a conference call at 5:00 p.m. ET that same day, accessible via their Investor Relations website. Amkor, a leading semiconductor packaging and test services provider, has a robust operational presence across Asia, Europe, and the USA. The live audio webcast and slide presentation will be available, and an archived version will follow.

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Amkor Technology, a leader in semiconductor packaging, announced a quarterly cash dividend of $0.04 per share on its common stock. This dividend is set to be paid on September 30, 2021, to shareholders recorded as of September 7, 2021. This decision reflects the company's ongoing commitment to return value to its shareholders. Amkor is recognized for its extensive operational base across major electronics manufacturing regions globally, providing essential services to premier semiconductor companies and OEMs.

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FAQ

What is the current stock price of Amkor Technology (AMKR)?

The current stock price of Amkor Technology (AMKR) is $26.47 as of December 24, 2024.

What is the market cap of Amkor Technology (AMKR)?

The market cap of Amkor Technology (AMKR) is approximately 6.5B.

What does Amkor Technology, Inc. specialize in?

Amkor Technology, Inc. specializes in providing outsourced semiconductor packaging and test services. The company offers advanced and mainstream packaging solutions, including flip chip, wafer-level processing, and wirebond packaging.

When was Amkor Technology, Inc. founded?

Amkor Technology, Inc. was founded in 1968.

Where are Amkor's operational facilities located?

Amkor's operational facilities are located in key electronics manufacturing regions across Asia, Europe, and the United States.

What are the recent projects undertaken by Amkor?

One of Amkor's recent projects includes the construction of an advanced packaging and test facility in Peoria, Arizona, with an estimated investment of $2 billion and expected to create around 2,000 jobs.

What are Amkor's sustainability goals?

Amkor aims to achieve net-zero greenhouse gas emissions by 2050. The company has set interim targets to reduce Scope 1 and 2 emissions by 55% by 2033 and to have suppliers covering 67% of Scope 3 emissions with science-based targets by 2028.

What were Amkor's financial results for the fourth quarter of 2023?

For the fourth quarter of 2023, Amkor reported net sales of $1.75 billion and a net income of $118 million.

Who are Amkor's primary customers?

Amkor's primary customers include leading semiconductor companies, foundries, and electronics OEMs worldwide. The company serves over 250 clients.

What is the significance of Amkor's new facility in Arizona?

The new facility in Arizona is significant as it will enhance the domestic semiconductor supply chain. It represents Amkor's largest investment in the US and will support key markets such as high-performance computing, automotive, and communications.

What is the breakdown of Amkor's product categories?

Amkor's products are organized into two categories: Advanced Products, which include flip chip, fine pitch bumping, and advanced SiP solutions; and Mainstream Products, which include wirebond packaging and testing services.

How much does Amkor plan to invest in capital expenditures for 2024?

Amkor plans to invest approximately $750 million in capital expenditures for 2024 to support its growth and development initiatives.

Amkor Technology Inc

Nasdaq:AMKR

AMKR Rankings

AMKR Stock Data

6.53B
111.73M
55.49%
44.58%
2.06%
Semiconductor Equipment & Materials
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