Amkor Considers Selling China Business Stake Valued at $1-1.5 Billion
Amkor Technology, a US semiconductor packaging and testing firm, is considering selling a stake in its China business, with a valuation of $1 billion to $1.5 billion. The company has engaged an advisor to prepare the divestiture and gauge investor interest. Amkor opened a Shanghai packaging plant in 2001 and acquired a second plant from IBM three years later. The move follows a broader trend of multinationals reassessing China operations, including SK Hynix, Abercrombie & Fitch, General Mills, Starbucks, and Oatly.
Amkor Technology, a US provider of outsourced semiconductor packaging and testing services, is considering a range of options, including selling a stake in its China business. The company has engaged an advisory firm to help prepare the divestiture and assess initial interest from potential investors.
Amkor opened a packaging plant in Shanghai in 2001 and acquired a second large semiconductor plant in the city from IBM three years later. Recently, a number of global companies have been reassessing their business footprints in China. Last week, SK Hynix was studying options for its Chongqing plant, including bringing in investors to help accelerate growth. Apparel brand Abercrombie & Fitch is also exploring multiple options for its China business, following in the footsteps of General Mills, the parent of Häagen-Dazs, Starbucks, and Sweden's Oatly Group.
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