Amkor Technology: Solid Tailwinds From CHIPS Act & Regulatory Environment Driving Our Bullishness! 

Based on Amkor Technology’s latest earnings call, the company’s performance for the fourth quarter and full year 2024 presented a mixed outlook with various challenges and achievements across different market sectors. For the fourth quarter, Amkor Technology reported revenues of $1.63 billion and an earnings per share (EPS) of $0.43, aligning with earlier guidance. However, the company witnessed a 3% revenue decline year-over-year, closing the year with $6.3 billion. This decrease primarily resulted from weaker-than-anticipated performance in the automotive and industrial sectors. Still, Amkor achieved significant milestones in advanced packaging, with advanced SiP reaching $3.1 billion, representing a 3% increase year-over-year. The computing market also saw a boost, achieving record revenue of $1.2 billion due to growth in ARM-based PCs and AI GPU integrations.