Company: AMKR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001047127-25-000190
Chunk: 147

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 147
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 2025, we entered into an agreement to exchange approximately 56 acres of land acquired in 2024 for approximately 104 acres of land related to the Arizona Facility.  The transaction is structured as a nonmonetary asset exchange with no cash consideration.  The 104 acre parcel will be recorded at the carrying value of the land relinquished with no gain or loss recognized.  The transaction is expected to close in the fourth quarter of 2025.Recently Issued Standards.  In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”).  ASU 2023-09 requires disclosure of additional income tax information, primarily related to effective tax rate reconciliation and income taxes paid.  ASU 2023-09 is effective for annual periods beginning after December 15, 2024.  Early adoption is permitted.  Adoption of this ASU should be applied on a prospective basis, but retrospective application is permitted.  We plan to adopt the new standard in the fourth quarter of 2025 using the prospective method, which will result in enhanced disclosures in our financial statements.In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), which was subsequently amended and clarified.  ASU 2024-03 requires disaggregation of key expense categories such as inventory purchases, employee compensation, depreciation and intangible asset amortization in the financial statements.  ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027.  Early adoption is permitted.  Adoption of this ASU should be applied either prospectively after the effective date or retrospectively to any or all periods presented in the financial statements.  We are currently evaluating the impact of this new standard on our financial statements, and we expect the new standard to result in enhanced disclosures.In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40) (“ASU 2025-06”).