Company: AMKR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001047127-25-000168
Chunk: 214

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 214
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ium Insolvency Receipt and the incremental costs incurred in 2024 during start-up at the Vietnam Facility.  The amount recognized from the Nanium Insolvency Receipt for the three and six months ended June 30, 2025, net of amounts remitted to the selling shareholders, was $32.4 million.  The incremental costs incurred during start-up at the Vietnam Facility were approximately $13 million and $25 million for the three and six months ended June 30, 2024, respectively.  For additional information regarding the Nanium Insolvency Receipt, please refer to Note 15 to our Consolidated Financial Statements in Part 1, Item 1 of this Form 10-Q.

Research and Development

For the Three Months Ended June 30,For the Six Months Ended June 30,20252024Change20252024Change(In thousands, except percentages)Research and development$42,008 $39,568 $2,440 6.2 %$87,660 $77,739 $9,921 12.8 %

Research and development activities are focused on developing new packaging and test services and improving the efficiency and capabilities of our existing production processes.  The costs related to our technology and product development projects are included in research and development expense until the project moves into production.  Once production begins, the costs relating to production become part of the cost of sales, including ongoing depreciation for the equipment previously held for research and development activities.  

Research and development expenses increased for the three and six months ended June 30, 2025 compared to the three and six months ended June 30, 2024, primarily due to development projects in new mainstream and advanced packaging technologies.

Other Income and Expense

For the Three Months Ended June 30,For the Six Months Ended June 30,20252024Change20252024Change(In thousands, except percentages)Interest expense$16,810 $15,805 $1,005 6.4 %$33,619 $32,244 $1,375 4.3 %Interest income(14,992)(17,698)2,706 (15.3)%(29,445)(34,494)5,049 (14.6)%Foreign currency (gain) loss, net7,027 1,921 5,106 >100%10,787 3,466 7,321 >100%Other, net(92)(