On June 15, Amkor Technology rose 5.96% overnight, trading at $87.6/share, with turnover of $537,000.

On the news front, the company is considering investing 1 trillion Korean won (approximately $700 million) to expand its Gwangju, South Korea facility, primarily driven by a significant surge in packaging and testing orders from TSMC. Existing production line capacity has become insufficient to match the rapidly growing order volume. The expansion plan focuses on advanced packaging capacity, with the first phase targeting 500 billion Korean won in investment to be completed before 2030.

Additionally, the company recently held an Investor Day where it unveiled 2030 financial targets: revenue exceeding $11 billion, gross margins above 22%, and earnings per share surpassing $5 — approximately three times current levels. Growth is anchored in high-value advanced packaging platforms including 2.5D, HDFO, and CPO, binding to dual tailwinds of AI computing demand growth and semiconductor manufacturing reshoring. The long-term growth outlook continues to receive market endorsement, propelling the stock higher in recent sessions.

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