Company: AMKR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001047127-25-000190
Chunk: 166

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 166
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 to include artificial intelligence and drive semiconductor growth through integration of a broad range of applications, enhanced features and higher performance requirements to support increased data processing.  

Our broad geographic footprint, including our manufacturing presence in multiple countries across Asia, in Portugal and our headquarters in the United States, is a key differentiator and positions us well to support evolving global supply chains, including initiatives to regionalize supply chains.  We began delivering advanced packages from the Vietnam Facility in the third quarter of 2024.  In addition, we were awarded up to $407 million in direct funding by the U.S. Department of Commerce (“Commerce”) pursuant to the U.S. CHIPS and Science Act of 2022 (“CHIPS Act”) to support the Arizona Facility, conditioned on, among other things, the achievement of certain construction and production milestones.  We acquired the land for the Arizona Facility in 2024, which we expect to exchange for another parcel of land in the fourth quarter of 2025.  Activities to prepare the site for construction commenced in September 2025.  We believe our broad geographic footprint provides customers with multiple options to mitigate risk and diversify their supply chains.

Another key factor in our results of operations is the optimization of asset utilization.  We build and utilize manufacturing lines which support multiple customers, and we increase factory utilization through sophisticated planning processes and intensive efficiency improvement activities.

Our customers include most of the world’s largest semiconductor companies, and over the last five decades we have developed long-standing relationships with many of these companies.  We believe that our production excellence, including high quality, reliability and predictability, has been a key factor in our success in attracting and retaining customers.  

As a supplier in the semiconductor industry, our business is cyclical and impacted by broad economic factors.  Historical trends indicate there has been a strong correlation between worldwide gross domestic product levels, consumer spending and semiconductor industry cycles.  The semiconductor industry has experienced significant and sometimes prolonged cyclical upturns and downturns in the past.  We cannot predict the timing, strength or duration of any correction, economic slowdown, recession or subsequent economic recovery. 

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We operate in a capital-intensive industry.  Servicing our current and future customers requires that we incur significant operating expenses and continue to make significant capital expenditures, which are generally made in advance of expected revenues and without firm customer commitments.  We fund our operations, including capital expenditures and debt service requirements, with cash flows from operations, existing cash and cash equivalents, short-term investments