Amkor Technology, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 02, 2022 at 04:11 pm EDT
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Amkor Technology, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 1,596.82 million compared to USD 1,326.15 million a year ago. Net income was USD 170.66 million compared to USD 119.81 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 0.69 compared to USD 0.49 a year ago.
Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. The Company is engaged in the outsourcing of semiconductor packaging and test services. It designs and develops packaging and test technologies focused on advanced packaging solutions, including artificial intelligence. Its packaging and test services are designed to meet application and chip-specific requirements, including: the required type of interconnect technology; size; thickness; and electrical, mechanical, and thermal performance. It provides turnkey packaging and test services including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test and drop shipment services. The Company offers services to integrated device manufacturers (IDMs), fabless semiconductor companies, original equipment manufacturers (OEMs) and contract foundries. It allows IDMs to outsource packaging and test services and focus their investments.