Company: AMKR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001047127-25-000168
Chunk: 120

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 120
---
 not designated as hedging instruments. We hedge certain net investment positions in foreign subsidiaries.  To accomplish this, we enter into foreign currency forward contracts, generally settled monthly, that are designated as hedges of net investments. 

-21-

Table of ContentsAMKOR TECHNOLOGY, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)(Unaudited)

As of June 30, 2025 and December 31, 2024, our foreign exchange forward contracts consisted of the following:June 30, 2025December 31, 2024Notional ValueFair Value (Level 2)Balance Sheet LocationNotional ValueFair Value (Level 2)Balance Sheet Location(In thousands)Forward contracts not designated as hedging instrumentsJapanese yen$228,764 $1,167 Other current assets$254,783 $10 Other current assetsKorean won117,921 (31)Accrued expenses80,260 (472)Accrued expensesPhilippine peso5,999 1 Other current assets8,431 (29)Accrued expensesSingapore dollar12,360 47 Other current assets8,454 (39)Accrued expensesTaiwan dollar32,772 (244)Accrued expenses31,150 (70)Accrued expensesTotal forward contracts not designated as hedging instruments$397,816 $940 $383,078 $(600)June 30, 2025December 31, 2024Notional ValueFair Value (Level 2)Balance Sheet LocationNotional ValueFair Value (Level 2)Balance Sheet Location(In thousands)Forward contracts designated as net investment hedging instrumentsJapanese yen$133,740 $(695)Accrued expenses$123,042 $(83)Accrued expensesTotal forward contracts designated as net investment hedging instruments$133,740 $(695)$123,042 $(83)For the three and six months ended June 30, 2025, we incurred a net loss of $3.7 million and $6.6 million, respectively, due to the impact of derivatives not designated as hedging instruments, which includes the forward costs, and the related hedged items.  For the three and six months ended June 30, 2024, the derivatives not designated as hedging instruments resulted in a net loss of $19.1 million and $46.6 million