On August 14, Amkor Technology rose 5.03% in regular trading, trading at $58.4/share, with turnover of $97.42 million. The stock has sustained upward momentum following reports of a potential strategic divestiture of its China operations.

According to people familiar with the matter, Amkor Technology is considering a strategic restructuring of its China business, including selling a portion of equity. The company has hired an adviser to prepare the possible stake sale and gauge interest among potential buyers, which could include Asian investment firms and industry players. Amkor may retain a minority stake, with the China business valued at approximately $1.0 to $1.5 billion. The move signals Amkor joining a broader trend of multinational corporations reassessing their China footprint.

The stock has been buoyed by multiple catalysts in recent weeks. In late July, Amkor announced a multi-year strategic partnership with Nvidia for advanced semiconductor packaging and test technologies, valued at $1.5 billion. The company also reported record Q2 net sales of $1.9 billion, up 26% year-over-year, with EPS of $0.70 significantly beating the consensus estimate of $0.48.

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