Company: AMKR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001047127-25-000087
Chunk: 150

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 150
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 the likelihood of a loss is probable and the amount of the loss can be reasonably estimated.  We adjust our accruals from time to time as we receive additional information, but the loss we incur may be significantly greater than or less than the amount we have accrued.  We disclose loss contingencies if we believe they are material and there is at least a reasonable possibility that a loss has been incurred.  Attorney fees related to legal matters are expensed as incurred.Lease CommitmentsAs of March 31, 2025 we have entered into additional lease agreements that have not yet commenced of approximately $9 million.

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Table of Contents

Item 2.         Management’s Discussion and Analysis of Financial Condition and Results of Operations

Overview

Amkor is the world’s largest U.S. headquartered OSAT (outsourced semiconductor assembly and test) service provider.  We are an industry leader in developing and commercializing advanced packaging and test technologies, which we believe provide substantial value to our customers.  Our primary financial objective is profitable sales growth.  To achieve this goal, we are focused on leveraging our leadership position in services for advanced technologies, providing our customers with a geographically diverse manufacturing footprint, growing within the industry secular growth markets of high-performance computing (“HPC”), automotive, Internet-of-Things (“IoT”) and mobile communications, selectively growing our scale and scope through strategic investments and optimizing utilization of existing assets.  

We believe that demand for advanced packaging services will continue to grow as our customers and leading electronics original equipment manufacturers strive for smaller device geometries, higher levels of integration and performance and lower power consumption.  We intend to continue to leverage our investments in advanced technology to meet the demand for these services in high growth markets.

High performance computing supporting artificial intelligence and increasing demand for improved networking speed and storage within data centers, cloud computing, PCs and laptops, are driving demand for more semiconductors and advanced packaging in the computing end market.  Increasing semiconductor content in automobiles is driving increased demand for advanced packaging to enable the proliferation of safety features such as ADAS and radar and digital cockpit features such as infotainment displays and telematics.  The IoT wearables within our consumer end market are evolving in multiple applications, such as hearables, watches and augmented reality and virtual reality devices.  Integration of multiple functions into small form factors, such as processors, sensors and connectivity devices, relies on innovation in advanced packaging.  Within our communications end market, we have a strong position across multiple device