CHANDLER, USA: Amkor Technology Inc. today updated its outlook for certain financial information for the fourth quarter ended December 31, 2009.
“Due to higher than expected customer demand across our product lines, net sales for the fourth quarter are expected to be up around 6% from the third quarter of 2009, representing an improvement over our previous guidance of flat, plus or minus 2 percent,” said Ken Joyce, Amkor’s President and Chief Executive Officer.
The company also expects gross margin for the fourth quarter to be around 26 percent. The expected gross margin is higher than the company’s previous guidance of 23 percent to 25 percent, primarily as a result of the expected improved level of net sales.
Amkor is a leading provider of semiconductor assembly and test services to semiconductor companies and electronics OEMs.