On June 8, Amkor Technology rose 5.33% in regular trading, trading at $67.92/share, with trading volume of $53.34 million.
On the news front, the company recently held an Investor Day event and released optimistic 2030 financial targets: revenue exceeding $11 billion, gross margins of approximately 22% or higher, and earnings per share exceeding $5 — roughly three times current levels. The company is betting its growth on high-value advanced packaging platforms including 2.5D, HDFO, and CPO, while emphasizing that its Arizona campus has expanded to 171 acres and is expected to contribute scale revenue between 2029 and 2030, aligning with dual growth drivers of AI computing demand and semiconductor manufacturing reshoring.
Within the Semiconductor Equipment sector, the broader industry rallied in tandem. Among individual stocks, KLA-Tencor up 7.45%, Applied Materials up 6.77%, ASML Holding up 5.8%, Lam Research up 5.61%, AXT Inc up 5.35%.
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