On June 16, Amkor Technology rose 5.2% in pre-market trading, trading at $90.12/share, with turnover of $6.938 million.

On the news front, the company is considering investing 1 trillion Korean won (approximately $742 million) to expand its Gwangju, South Korea facility, driven primarily by a significant surge in advanced packaging and test orders from TSMC. Existing production lines can no longer match the rapidly growing order volume. The expansion plan focuses on advanced packaging capacity, with the first phase targeting 500 billion won in investment to be completed before 2030.

Additionally, the company recently held an Investor Day where it released ambitious 2030 financial targets: revenue exceeding $11 billion, gross margin above 22%, and earnings per share surpassing $5 — approximately three times current levels. The growth strategy is anchored in 2.5D/HDFO/CPO advanced packaging platforms, aligned with AI compute demand growth and semiconductor manufacturing reshoring trends, continuing to receive market recognition for its long-term growth prospects.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)