August 31, 2011 — Amkor Technology Inc.’s (NASDAQ:AMKR) Board of Directors authorized the repurchase of up to $150 million of AMKR common stock, to enhance stockholder value and support its business model, said Ken Joyce, Amkor president and CEO.
Amkor reported cash and cash equivalents of about $475 million as of June 30, 2011.
Details: The purchase of stock under this program may be made in the open market or through privately negotiated transactions. The timing, manner, price and amount of any repurchases will be determined by Amkor at its discretion and will depend upon a variety of factors including economic and market conditions, price, applicable legal requirements and other factors. The stock repurchase program will be funded with available cash and may be suspended or discontinued at any time.
Also read: GLOBALFOUNDRIES, Amkor co-develop semiconductor assembly and test methods and Amkor expands package design kit for Agilent ADS
Amkor is a semiconductor assembly and test services (SATS) provider to semiconductor companies and electronics OEMs. Learn more at www.amkor.com.
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