Company: AMKR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001047127-25-000168
Chunk: 125

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 125
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 among other things, the achievement of certain construction and production milestones.  We acquired the land for the Arizona Facility in 2024 and expect to begin construction in the second half of 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. 

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 

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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, borrowings under available credit facilities and proceeds from any additional financing.  Maintaining an appropriate level of liquidity is important to our business and depends on, among other considerations, the performance of our business, our capital expenditure levels, our ability to repay debt out of our operating cash flows or proceeds from debt or equity financings and our investment strategy.  As of June 30, 2025, we had cash and cash equivalents and short-term investments of $1,527.4 million and $516.4 million, respectively. 

Our net sales, gross profit, operating income, cash flows, liquidity and capital resources have historically fluctuated significantly from quarter to quarter due to many factors, including the seasonality of our business, the cyclical nature of the semiconductor industry and other factors discussed in the “Risk Factors” section in Part II, Item