Strong Earnings Fail to Prevent Amkor Stock Slide

Amkor Technology shares are experiencing a puzzling downturn, defying the company’s impressive quarterly performance and strategic initiatives. Despite surpassing revenue and profit expectations by a wide margin, the stock has faced notable selling pressure. In the latest trading session, shares closed at $31.92, representing a decline of 2.36 percent.

Alongside its outstanding financial performance, Amkor has announced a planned leadership transition. CEO Giel Rutten will voluntarily step down at the end of December, with internal veteran Kevin Engel slated to take the helm. The succession appears well-planned, with Engel bringing more than two decades of corporate experience to the position.

Simultaneously, the company is expanding its semiconductor packaging capacity in Read more...