WEST CHESTER, Pa.--Amkor Technology Inc. today posted a 29% increase in revenues to $649 million in the third quarter compared to $502 million in the period last year. Sequentially, Amkor's revenues were up 19% from the second quarter.
"We had an exceptionally strong third quarter, with virtually all markets showing solid demand," said John Boruch, president of Amkor, the world's largest contract chip packaging and testing provider. "We saw especially robust growth in our laminate package products."
The growing trend toward outsourced packaging and test drove up Amkor's net income to $45 million, or $0.28 per share, compared to $26 million, or $0.21 per share, in the third quarter last year.
"The gross margin for the third quarter of 2000 rose to 24.5% from 22.7% in Q2 '00 and 19.4% in Q3 '99," said Ken Joyce, Amkor's chief financial officer. "The increase in Q3 gross margin reflects a full quarter's ownership of the K1, K2 & K3 factories acquired from Anam Semiconductor on May 1," he said.