Company: AMKR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001047127-25-000168
Chunk: 109

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 109
---
, storage)22 %20 %22 %19 %Automotive, industrial and other (ADAS, electrification, infotainment, safety)20 %20 %21 %20 %Consumer (AR & gaming, connected home, home electronics, wearables)18 %12 %17 %13 %Total net sales100 %100 %100 %100 %

3.    Other Income and Expense 

Other income and expense consist of the following:For the Three Months Ended June 30,For the Six Months Ended June 30, 2025202420252024 (In thousands)Interest income$(14,992)$(17,698)$(29,445)$(34,494)Foreign currency (gain) loss, net7,027 1,921 10,787 3,466 Other, net(92)(71)(474)(115)Total other (income) expense, net$(8,057)$(15,848)$(19,132)$(31,143)

4.    Income Taxes 

Income tax expense of $32.1 million for the six months ended June 30, 2025 reflects income taxes, foreign withholding taxes and minimum taxes.We monitor on an ongoing basis our ability to utilize our deferred tax assets and whether there is a need for a related valuation allowance.  In evaluating our ability to recover our deferred tax assets in the jurisdictions from which they arise, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax-planning strategies and recent results of operations. We maintain a valuation allowance on certain U.S. and foreign deferred tax assets.  Such valuation allowances are released as the related tax benefits are realized or when sufficient evidence exists to conclude that it is more likely than not that the deferred tax assets will be realized.Unrecognized tax benefits represent reserves for potential tax deficiencies or reductions in tax benefits that could result from federal, state or foreign tax audits.  Gross unrecognized tax benefits were $34.3 million and $36.3 million as of June 30, 2025 and December 31, 2024, respectively.  As of June 30, 2025, $30.4 million of our unrecognized tax benefits would reduce our effective tax rate if recognized.  Our unrecognized tax benefits are subject to change for effective settlement of examinations, changes in the recognition threshold of tax positions, the expiration of statutes of limitations