Amkor Technology, Inc. (NASDAQ:AMKR) Q3 2023 Earnings Call Transcript

Giel Rutten: Well, if you — I can only refer to the recent announcement of the biggest, let’s say, smartphone chip company in the US. You will see that the next generation of that high-end processors already has, let’s say, an AI core included in their device. So we expect that to be 2024, 2025 range. This functionality to enter into the smartphones.

Steve Barger: That’s great. Thanks very much for the time.

Giel Rutten: Okay. Thanks, Steve.

Operator: Thank you. And at this time, I’m showing no further questions. I would like to turn the call back over to Giel for closing remarks.

Giel Rutten: Let me recap the key messages. We delivered solid third quarter results at the high end of guidance with revenue growing 25% sequentially to $1.82 billion and EPS more than doubling to $0.54. We are expecting fourth quarter revenue of $1.675 billion at the midpoint of guidance. Through this cycle, Amkor continued to invest in a diversified, large-scale manufacturing base to support, secure and reliable global semiconductor supply chain. In August, Amkor had the opportunity to ring the NASDAQ closing bell in celebration of the company’s legacy and success. We celebrated two significant milestones, our 55th anniversary and our 25th anniversary as a publicly traded company. With our leadership in advanced packaging, our broad geographic footprint, and diversified exposure to industry mega trends, we are poised to outperform the semiconductor market and accelerate out of this cycle. Thank you for joining the call today.

Operator: Thank you. We conclude today’s conference. All parties may now disconnect. Have a good day. Thank you.