Fri, Feb 21, 9:02 PM (65 days ago)
**Amkor Technology, Inc. (AMKR) 2024 10-K Summary:** Amkor Technology, Inc. reported a 2.9% decline in net sales, totaling $6,318 million for 2024, down from $6,503 million in 2023. The decrease was driven by reduced demand in automotive and communications sectors, partially offset by growth in computing and consumer markets. Gross margin improved to 14.8% from 14.5%, aided by favorable foreign exchange rates and extended equipment life. Operating income margin fell to 6.9% due to rising employee costs and Vietnam facility startup expenses. Capital expenditures were $744 million, representing 11.8% of sales, primarily for advanced packaging investments. Net cash from operations decreased to $1,089 million. The company announced a quarterly dividend of $0.08269, a 5% increase, along with a special dividend of $0.40546. Amkor's strategic focus includes enhancing advanced packaging technologies and expanding its geographic footprint, with new facilities in Vietnam and planned construction in Arizona supported by $407 million in funding from the CHIPS Act. Key risks include reliance on major customers, cyclical market conditions, and geopolitical tensions impacting supply chains. Total debt as of December 31, 2024, was $1,160 million, with a strong liquidity position of $1,134 million in cash and equivalents.