AMKR - Amkor Technology plans to expand packaging tech capacity in Vietnam

Amkor Technology (NASDAQ:AMKR) says it plans to build a state-of-the-art smart factory in Bac Ninh, Vietnam. The first phase of the new factory will focus on providing Advanced System in Package assembly and test solutions to semiconductor and electronic manufacturing companies. “Our investment for the first phase of the facility is estimated to be between $200 million and $250 million, and expanding the facility in phases over time will allow us to balance utilization and profitable growth and manage expansion within a reasonable capital intensity range.” “Construction for the first phase of clean room space, which is currently estimated at 20,000 square meters, is expected to commence in 2022, and high-volume manufacturing is expected to begin by the second half of 2023, based on projected customer product cycles.”

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Amkor Technology plans to expand packaging tech capacity in Vietnam