Amkor Tech Stock Price, News & Analysis

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.

Amkor Technology (AMKR) has affirmed its dedication to supporting European initiatives for automotive semiconductor regionalization. With a manufacturing facility in Porto, Portugal, Amkor is positioned to assist the European Union's efforts in this area, capitalizing on the growing demand for automotive semiconductors across various applications. The company aims to enhance supply chain agility and provide advanced packaging solutions to meet the evolving needs of the automotive industry, significantly contributing to the EU's strategic goals in semiconductor independence.

Amkor Technology, Inc. (NASDAQ: AMKR) will announce its financial results for Q3 2022 on October 31, 2022, after market close. A conference call to discuss these results will be held the same day at 5:00 p.m. ET. Interested parties can access the live audio webcast and presentation through the Investor Relations section of Amkor's website. The company, founded in 1968, is a major player in outsourced semiconductor packaging and test services, serving leading semiconductor firms globally.