TacticScaleWhat Amkor Technology Does & How It Makes Money (AMKR)
Updated October 2026 · reflects Amkor Technology's latest reported financials
Outsourced semiconductor chip packaging and testing services provider. Amkor charges chipmakers fees for packaging and test services, often turnkey from wafer bump and probe through final test and drop shipment.
How Amkor Technology makes money
Amkor charges chipmakers fees for packaging and test services, often turnkey from wafer bump and probe through final test and drop shipment. Its customers include integrated device manufacturers, fabless chip companies, OEMs and contract foundries.
What Amkor Technology does
Amkor Technology is one of the companies chipmakers hire for outsourced semiconductor assembly and test (OSAT). Founded in 1968 and headquartered in Tempe, Arizona, it operates in the United States, Japan, Europe and Asia Pacific. It handles the back-end steps of chipmaking: wafer bump, probe and back-grind, package design, packaging, burn-in, and final and system-level testing. It can also drop-ship finished parts straight to customers. Its range runs from traditional leadframe and wirebond packages to advanced packaging. The advanced side includes flip chip, wafer-level fan-out, silicon integrated fan-out and system-in-package modules, used in mobile devices, networking, storage, computing, automotive and consumer electronics. Customers include integrated device manufacturers, fabless chip designers, OEMs and foundries, so Amkor's business is closely tied to overall semiconductor demand.
Products & services
- Flip chip CSP and flip-chip BGA packages
- Wafer-level CSP and fan-out packaging
- Silicon wafer integrated fan-out (SWIFT) technology
- System-in-package (SiP) modules
- Leadframe, wirebond and MEMS packages
- Wafer, package, system-level and burn-in test services
What is Amkor Technology worth?
On an owner-earnings DCF, Amkor Technology's most-likely value is about $32 versus a recent price near $49 (34% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$16) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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