February 11, 2025 - 02:35
TEMPE, Ariz., February 10, 2025—Amkor Technology has released its financial results for the fourth quarter and the full year of 2024, showcasing a robust performance amid a dynamic market environment. The company reported significant growth in revenue, driven by increased demand for advanced packaging solutions and a strong customer base in the semiconductor industry.
For the fourth quarter, Amkor achieved revenue of $1.5 billion, reflecting a year-over-year increase of 15%. The company attributed this growth to higher sales volumes and improved operational efficiency. Additionally, net income for the quarter reached $200 million, marking a substantial rise compared to the previous year.
Looking at the full year, Amkor reported total revenue of $5.5 billion, a 12% increase from 2023. The company’s strategic investments in technology and capacity expansion have positioned it well to capitalize on emerging trends in the semiconductor market. Executives expressed optimism about future growth prospects, citing ongoing demand for innovative packaging solutions as a key driver.
