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Stocks (from 10)

beat its larger competitor, Amkor, with-
out question, wins the acquisition sweep-
stakes.

Acquisitions
Over the years, Amkor’s growth has in-
cluded the acquisition of AMD’s Manila,
Philippines plant in March 1989; IBM’s Sin-
gapore plant in May 2001.

It acquired Citizen’s Watch assembly busi-
ness in Japan in March 2002 and added
Unitive’s Taiwan-based assembly facilities
in August 2004; and Amkor entered into
a joint venture with Toshiba in Japan in
2001 forming a company named J-Devices
in Kyushu, Japan.

Then it picked up three more plants in
Japan from semiconductor maker Ren-
eses. The company also bought two plants
owned by Fujitsu in Japan in February
2012.

Corporate flag planted widely
It also planted the Amkor flag in Malay-
sia with the purchase of Toshiba’s Power
Semiconductor packaging facility in June
2013; and also includes Shangai, China on
its roster of locations through a joint ven-
ture with competitor UTAC.

In 2017, Amkor bought the Porto, Portugal
assembly business of Nanium. It has also
built several of its own plants in Asis from
the ground up.

Still, this flurry of buying and building to
expand capacity has not excited inves-
tors, leaving AMKR a laggard, uninspiring
choice among chip industry stocks.

Last month, the company reported record
Q421 and full year earnings, and declared
a dividend. Will this brighten its future
stock prospects? next page