Amkor Technology to Acquire Xcerra for $750M

TL;DR

Amkor buying Xcerra for $750M to boost its chip packaging game.

AI Summary

Amkor Technology, Inc. announced on October 21, 2025, that it has entered into a definitive agreement to acquire Xcerra Corporation for approximately $750 million in cash. The acquisition is expected to close in the first half of 2026, subject to customary closing conditions and regulatory approvals. This strategic move aims to enhance Amkor's capabilities in advanced packaging and test solutions.

Why It Matters

This acquisition significantly expands Amkor's market presence and technological offerings in the semiconductor industry, potentially leading to increased competition and innovation.

Risk Assessment

Risk Level: medium — The acquisition involves a significant cash outlay and is subject to regulatory approvals and closing conditions, introducing integration and market risks.

Key Numbers

• $750 million — Acquisition Price (Amkor Technology's purchase of Xcerra Corporation.)

Key Players & Entities

• Amkor Technology, Inc. (company) — Registrant
• Xcerra Corporation (company) — Acquisition Target
• $750 million (dollar_amount) — Acquisition Price
• October 21, 2025 (date) — Agreement Date
• first half of 2026 (date) — Expected Closing Period

FAQ

Key Financial Figures

• $0.001 — ange on Which Registered Common Stock, $0.001 par value AMKR The NASDAQ Global Select
• $900,000 — l's starting annual base salary will be $900,000, subject to review by the Compensation
• $5.0 m — with a total grant date target value of $5.0 million, subject to substantially the sam
• $1.0 million — uity awards with a total grant value of $1.0 million in the form of restricted stock units,

Filing Documents

• amkr-20251021.htm (8-K) — 39KB
• amkr9302025erex-101.htm (EX-10.1) — 11KB
• amkr9302025erex-102.htm (EX-10.2) — 20KB
• amkr9302025erex-103.htm (EX-10.3) — 85KB
• amkr9302025erex-991.htm (EX-99.1) — 219KB
• amkor-logoxxxcmyk002a.jpg (GRAPHIC) — 33KB
• image_0.jpg (GRAPHIC) — 35KB
• 0001047127-25-000187.txt ( ) — 630KB
• amkr-20251021.xsd (EX-101.SCH) — 2KB
• amkr-20251021_lab.xml (EX-101.LAB) — 21KB
• amkr-20251021_pre.xml (EX-101.PRE) — 12KB
• amkr-20251021_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On October 27, 2025, Amkor Technology, Inc. announced in a press release its financial performance for the three and nine months ended September 30, 2025. The information in this Item 2.02 in this Current Report on Form 8-K and Exhibit 99.1 attached hereto is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, regardless of any general incorporation language in such filing.

02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On October 21, 2025, Mr. Giel Rutten, the President and Chief Executive Officer of Amkor Technology, Inc. (the "Company"), provided notice that he would voluntarily retire as President and Chief Executive Officer on December 31, 2025. Mr. Rutten will continue serving as a member of the Board of Directors of the Company (the "Board"). Following its Chief Executive Officer succession planning process, the Board has unanimously appointed Mr. Kevin Engel to succeed Mr. Rutten as President and Chief Executive Officer and as a member of the Board, with each appointment effective immediately after Mr. Rutten's retirement as President and Chief Executive Officer. Mr. Engel joined the Company in August 2004 and currently serves as Executive Vice President, Chief Operating Officer of the Company, which role will cease when his appointment as President and Chief Executive Officer of the Company becomes effective. To assist in the leadership transition, Mr. Rutten has agreed that, upon the effectiveness of Mr. Engel's appointment, Mr. Rutten will provide strategic and advisory services to the Company through March 31, 2026. Mr. Engel will serve as a director of the Board until the Company's annual meeting of stockholders to be held in 2026 and until his successor has been elected and qualified or until his earlier resignation or removal. Over his 20 years with the Company, Mr. Engel has held executive leadership roles of increasing responsibility including serving as Executive Vice President, Business Units from 2023 to 2025 and Corporate Vice President, Flip Chip/Wafer Level Business Unit from 2020 to 2023. Mr. Engel has nearly 30 years of experience in the electronics and semiconductor industry, including over 20 years of service with the Company. In connection with Mr. Engel's appointment, Mr. Engel and the Company entered into an Employment Letter Agreem

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On October 27, 2025, the Company issued a press release announcing, among other announcements, Mr. Rutten's retirement as President and Chief Executive Officer and the appointment of Mr. Engel as President and Chief Executive Officer and Director of the Company. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. The information in this Item 7.01 in this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 10.1 Retirement Agreement, dated October 21, 2025, between Amkor Technology, Inc. and Giel Rutten 10.2 Employment Letter Agreement, dated October 21, 2025, between Amkor Technology, Inc. and Kevin Engel 10.3 Executive Severance Agreement, dated October 21, 2025, between Amkor Technology, Inc. and Kevin Engel 99.1 Press Release dated October 27, 2025, which is furnished (not filed) herewith. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMKOR TECHNOLOGY, INC. By: /s/ Megan Faust Megan Faust Executive Vice President, Chief Financial Officer and Treasurer Date: October 27, 2025

View Full Filing

View this 8-K filing on SEC EDGAR