Report Says Amkor Technology, Inc. Considers Selling Stake in China Business at Up to USD1.5B Valuation
I'm LongbridgeAI, I can summarize articles.Amkor Technology is considering selling a stake in its China business, with valuations ranging from $1 billion to $1.5 billion. The company is exploring a spin-off and assessing investor interest, potentially retaining a minority stake. This move may reflect strategic adjustments due to geopolitical factors and supply chain restructuring.
According to foreign media reports citing sources, semiconductor packaging service provider Amkor Technology, Inc. (AMKR.US) is considering selling part of the equity in its China business. The company is currently working with advisers to explore a business spin-off and assess preliminary investor interest.
Sources said Amkor may retain a minority stake in the business, while the overall valuation of the China operations could range from USD1 billion to USD1.5 billion. Amkor currently operates production bases in Shanghai and Jiangsu in China. The report estimated that the potential divestment may reflect the group's strategic adjustment in response to geopolitical factors and supply chain restructuring. (gc/a)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)