Shares on the Move: Kim Family's Big Sell-Off

The Kim family, major stakeholders in Amkor Technology, are planning to sell a significant portion of their shares.

Details of the Sale

• 10 million shares of common stock up for sale
• Option to sell an additional 1.5 million shares
• Secondary offering: The company itself is not involved in the sale or earning from it

Post-Sale Ownership

• The Kim family will still own over 49% of Amkor's stock
• Susan Y. Kim, the company's chairperson, expresses confidence in Amkor's future, citing its strong position in the global semiconductor packaging and test services market

Sale Restrictions

• The Kim family cannot sell more shares for 180 days after this sale
• The company itself cannot sell shares for 75 days
• Goldman Sachs is handling the sale

About Amkor Technology

• A major player in the semiconductor industry
• Provides packaging and test services for a wide range of electronic devices, from smartphones to data centers
• Known for innovation and strong customer partnerships

Forward-Looking Statements

• The announcement includes forward-looking statements, meaning predictions about the future that come with uncertainty