Press Releases

2012年第二季度

• Net sales $687 million
• Gross margin 13%
• Net income $1 million
• Earnings per diluted share $0.00

第二季度2012那个ding $34 MillionCharge for Loss Contingency Accrual

• Adjusted gross margin 17%
• 调整后的净收入 $33 million
• Adjusted earnings per diluted share $0.15

CHANDLER, Ariz.--(BUSINESS WIRE)--Jul. 26, 2012-- 公司Technology, Inc.(NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the second quarter ended June 30, 2012, with net sales of $687 million, net income of $1 million, and earnings per diluted share of $0.00.

Second quarter results included a charge of $34 million( $32 million, net of tax), or $0.13每个稀释的份额（税收），与低端的应计相关 公司'sestimated loss for the previously announced interim order issued by an arbitration panel relating to 公司's许可协议与 Tessera, Inc.Of the total accrual, $30 millionwas recorded as cost of goods sold and $4 millionwas recorded as interest expense.

“After adjusting for the loss contingency accrual, second quarter results were consistent with our expectations,” said 肯乔斯, 公司'spresident and chief executive officer. “Amkor's strong position in communications continues to drive our business with notable strength in smartphones and tablets. We also saw a seasonal increase in gaming, although lower than the levels we have seen in the past few years.”

Selected financial information for the second quarter 2012, excluding the loss contingency accrual, is as follows:

• Net Sales: $687 million, up 5% from $655 million in the prior quarter, and flat with $688 million in the second quarter of 2011
• Adjusted Gross Margin: 17%, compared to 16% in the prior quarter, and 19% in the second quarter of 2011
• Adjusted Net Income: $33 million, up from $12 million in the prior quarter, and up from $14 million in the second quarter of 2011
• Adjusted Earnings Per Diluted Share: $0.15, up from $0.06in the prior quarter, and up from $0.07in the second quarter of 2011

The adjusted items presented above are non-GAAP measures. Selected operating data for the second quarter 2012, and a reconciliation of the non-GAAP measures presented above to the comparable GAAP measures, is included in a section below before the financial statements.

“Capital additions were $149 millionduring the second quarter, primarily in support of specific business for customers in smartphones and tablets,” said Joanne Solomon, 公司'sexecutive vice president and chief financial officer. “This was about $50 millionbelow our guidance as we saw some delays in the demand forecasts from several of our major customers that sell into smartphones and tablets.”

公司'sBoard of Directors previously authorized $300 millionfor the repurchase of our common stock. During the second quarter 2012 the company repurchased 7.1 million shares at a purchase price of $33.2 million, for a total of 36.7 million shares at a purchase price of $166.6 millionsince the program commenced.

Cash and cash equivalents were $351 million, and net debt was $1.0 billion, at June 30, 2012.

Business Outlook

“We expect to see sequential third quarter sales growth of 2% to 9% driven by a seasonal increase in gaming, solid demand for communications, and a continuing recovery in the networking sector,” said Joyce. “Our growth in the third quarter is somewhat slower than anticipated due to worldwide macroeconomic uncertainties, the delay in the ramp of 28 nanometer wafer supply and the softness in end market demand by the less dominant OEMs that sell smartphones and tablets.”

“In light of these developments, we are lowering our full year 2012 capital additions expectations to around $500 million(excluding $100 millionfor the acquisition of land relating to our previously announced new factory and R&D center in Incheon, 韩国). Our capital additions for the first half of 2012 totaled $273 million, and we are estimating capital additions of around $150 millionfor the third quarter 2012, although some of that spending could move to the fourth quarter if the ramp of 28 nanometer wafer supply is pushed out,” continued Joyce.

Based upon the currently available information, we have the following expectations for the third quarter 2012:

• Net sales of $700 millionto $750 million, up 2% to 9% from the prior quarter
• Gross margin of 17% to 19%
• Net income of $20 million to $44 million, or $0.10 to $0.20per diluted share
• Capital additions of around $150 millionfor the third quarter, and around $500 millionfor the full year (excluding $100 millionfor the acquisition of land relating to our previously announced new factory and R&D center in Incheon, 韩国)

Conference Call Information

公司将进行一次电话会议 July 26, 2012, at 5:00 p.m. Eastern Daylight Time. This call may include material information not included in this press release. This call is being webcast and can be accessed at 公司'sweb site:www.www.changhe-china.com. You may also access the call by dialing 1-877-947-1465. A replay of the call will be made available at 公司'sweb site or by dialing 1-800-406-7325 (access pass code #4553664). The webcast is also being distributed over Thomson Reuters'Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Reuters'individual investor center atwww.companyboardroom.comor by visiting any of the investor sites in Thomson Reuters'个人投资者网络。机构投资者可以通过通话万博体育max网页版登录 Thomson Reuters'password-protected event management site, Street Events (www.streetevents.com).

About 公司

公司是半导体公司和电子OEM的半导体包装和测试服务的领狗万滚球官网先提供商。更多信息 公司is available from the company's filings with the Securities and Exchange Commissionand on 公司'swebsite:www.www.changhe-china.com.

Forward-Looking Statement Disclaimer

本新闻稿包含前瞻性statements within the meaning of federal securities laws. All statements other than statements of historical fact are considered forward-looking statements including, without limitation, all of the statements made under "Business Outlook" above. These forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could affect future results and cause actual results and events to differ materially from historical and expected results and those expressed or implied in the forward-looking statements, including, but not limited to, the following:

• the highly unpredictable nature and costs of litigation and other legal activities and the risk of adverse results of such matters, including the final ruling by the arbitration panel and the impact of other proceedings involving Tessera, Inc.;
• with respect to the interim order issued by the Tessera arbitration panel, we believe that $34 millionis a reasonable estimate of the low end of the possible range of loss up to an amount in excess of $125 millionclaimed by Tessera, and that no amount in the range constitutes a better estimate than any other amount; however, the final award could be more than the amount currently accrued, and we expect to record our estimate of interest accruing with the passage of time and may record additional charges as information develops or upon the issuance of the final award;
• the highly unpredictable nature of the semiconductor industry;
• the effect of the global economy on credit markets, financial institutions, customers, suppliers and consumers, including the increasingly uncertain macroeconomic environment;
• timing and volume of orders relative to production capacity and inability to achieve high capacity utilization rates;
• volatility of consumer demand and weakness in forecasts from our customers for products incorporating our semiconductor packages;
• dependence on key customers;
• the performance of our business, economic and market conditions, the cash needs and investment opportunities for the business, the need for additional capacity and facilities to service customer demand and the availability of cash flow from operations or financing;
• the supply of 28 nanometer wafers;
• customer modification of and follow through with respect to forecasts provided to us, including delays in forecasts with respect to smartphones and tablets;
• changes in tax rates and taxes as a result of changes in tax law, the jurisdictions in which our income is determined to be earned and taxed, the outcome of tax audits and tax ruling requests, our ability to realize deferred tax assets and the expiration of tax holidays;
• curtailment of outsourcing by our customers;
• 我们的大量债务和限制性契约;
• failure to realize sufficient cash flow or access to other sources of liquidity to fund capital additions;
• the effects of a recession or other downturn in the U.S. and other economies worldwide;
• disruptions or deficiencies in our controls resulting from the implementation of our new enterprise resource planning system;
• worldwide economic effects of terrorist attacks, natural disasters and military conflict;
• our ability to control costs and improve profitability;
• 竞争，竞争性定价和平均售价下跌;
• fluctuations in manufacturing yields;
• dependence on international operations and sales;
• dependence on raw material and equipment suppliers and changes in raw material and precious metal costs;
• exchange rate fluctuations;
• dependence on key personnel;
• difficulties in managing growth;
• enforcement of and compliance with intellectual property rights;
• environmental and other governmental regulations; and
• technological challenges.

Other important risk factors that could affect the outcome of the events set forth in these statements and that could affect our operating results and financial condition are discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2011 and in the company's subsequent filings with the Securities and Exchange Commissionmade prior to or after the date hereof. 公司undertakes no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release.

AMKOR TECHNOLOGY, INC. Selected Operating Data
				2012年第2季度						Q1 2012						2011年第2季度
销售数据（预计预先对我们的分类进行修订）：
Packaging services (in millions):
Chip scale package				$	244					$	250					$	211
Leadframe				176						168						187
Ball grid array				137						117						163
Other packaging				54						47						52
Packaging services				611						582						613
Test services				76						73						75
全部的sales				$	687					$	655					$	688
Packaging services:
Chip scale package				35			%			38			%			31			%
Leadframe				26			%			26			%			27			%
Ball grid array				20			%			18			%			24			%
Other packaging				8			%			7			%			7			%
Packaging services				89			%			89			%			89			%
Test services				11			%			11			%			11			%
全部的sales				100			%			100			%			100			%
Packaged units (in millions):
Chip scale package				480						409						442
Leadframe				1,589						1,457						1,671
Ball grid array				45						40						51
Other packaging				11						14						22
总包装单位				2,125						1,920						2,186
来自十大客户的净销售额				64			%			65			%			60			%
Capacity Utilization
Packaging				79			%			73			%			76			%
Test				80			%			78			%			78			%
End Market Distribution Data(an approximation including representative devices and applications based on a sampling of our largest customers):
Communications (cell phones, tablets, wireless LAN, handheld devices)				45			%			47			%			38			%
Consumer (gaming, television, set top boxes, portable media, digital cameras)				23			%			20			%			26			%
Computing (PCs, laptops, hard disk drives, servers, displays, printers, peripherals)				12			%			13			%			12			%
Networking (network servers, routers, switches)				11			%			11			%			13			%
Other (auto, industrial)				9			%			9			%			11			%
全部的				100			%			100			%			100			%
Gross Margin Data:
Net sales				100			%			100			%			100			%
销售成本：
材料				43			%			45			%			43			%
Labor				15			%			14			%			15			%
Other manufacturing				25			%			25			%			23			%
损失应变应计数				4			%			—			%			—			%
Gross margin				13			%			16			%			19			%

				2012年第2季度						Q1 2012						2011年第2季度
				(In millions, except per share data)
Capital Investment Data:
Property, plant and equipment additions				$	149					$	124					$	97
Net change in related accounts payable and deposits				(38		)				(3		)				14
Purchases of property, plant and equipment				$	111					$	121					$	111
Depreciation and amortization				$	91					$	88					$	83
Free Cash Flow Data:
Net cash provided by operating activities				$	86					$	56					$	114
Less purchases of property, plant and equipment				(111		)				(121		)				(111		)
Free cash flow*				$	(25	)				$	(65	)				$	3
Earnings per Share Data:
Net income attributable to Amkor - basic				$	1					$	12					$	14
Adjustment for dilutive securities on net income:
2014年6.0％可转换票据的兴趣，税收				—						4						5
Net income attributable to Amkor - diluted				$	1					$	16					$	19
Weighted average shares outstanding - basic**				166						168						197
Effect of dilutive securities:
Stock options and unvested restricted shares				—						—						—
6.0% convertible notes due 2014				—						83						83
Weighted average shares outstanding - diluted				166						251						280
Net income attributable to Amkor per common share:
基本的				$	—					$	0.07					$	0.07
Diluted				$	—					$	0.06					$	0.07

*We define free cash flow as net cash provided by operating activities less purchases of property, plant and equipment. Free cash flow is not defined by U.S. GAAP. We believe free cash flow to be relevant and useful information to our investors because it provides them with additional information in assessing our liquidity, capital resources and financial operating results. Our management uses free cash flow in evaluating our liquidity, our ability to service debt and our ability to fund capital additions. However, free cash flow has certain limitations, including that it does not represent the residual cash flow available for discretionary expenditures since other, non-discretionary expenditures, such as mandatory debt service, are not deducted from the measure. The amount of mandatory versus discretionary expenditures can vary significantly between periods. This measure should be considered in addition to, and not as a substitute for, or superior to, other measures of liquidity or financial performance prepared in accordance with U.S. GAAP, such as net cash provided by operating activities. Furthermore, our definition of free cash flow may not be comparable to similarly titled measures reported by other companies.

** 公司'sBoard of Directors previously authorized $300 millionfor the repurchase of our common stock. During the second quarter, we repurchased 7.1 million shares of common stock for a purchase price of $33.2 million. As of June 30, 2012, we had repurchased a total of 36.7 million shares under the stock repurchase program for a purchase price of $166.6 million. From July 1, 2012, through July 25, 2012, we repurchased an additional 5.6 million shares for a purchase price of $27.1 million, for a cumulative total of 42.3 million shares for a purchase price of $193.7 million.

在上面的新闻稿中我们提供gro调整ss margin, adjusted net income and adjusted earnings per diluted share. We present these non-GAAP amounts to demonstrate the impact of the loss contingency accrual discussed above. However, these measures have limitations, including that they exclude the accrual for the arbitration panel award, which is an amount that the company may ultimately have to pay in cash. Furthermore, the factors affecting the calculation of the arbitration award are complex and subject to determination by the arbitration panel. Therefore, the final amount of the loss may be more than the amount of the current accrual. Accordingly, these measures that exclude the loss contingency accrual should be considered in addition to, and not as a substitute for, or superior to, gross margin, net income and earnings per diluted share prepared in accordance with U.S. GAAP. Below is the reconciliation of adjusted gross margin, adjusted net income and adjusted earnings per diluted share to U.S. GAAP gross margin, net income and earnings per diluted share.

				2012年第2季度
非GAAP和解：
Gross margin				13			%
Plus: Loss contingency accrual divided by net sales				4			%
Adjusted gross margin				17			%
				2012年第2季度
			(In millions)
Net income				$	1
Plus: Loss contingency accrual, net of tax				32
调整后的净收入				$	33
				2012年第2季度
Earnings per diluted share				$	—
Plus: Loss contingency accrual per diluted share				0.13
Plus: Adjustment for dilutive effect of interest on 6.0% convertible notes due 2014, net of tax				0.02
Adjusted earnings per diluted share				$	0.15

AMKOR TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
				For the Three Months Ended June 30,											For the Six Months Ended June 30,
				2012					2011						2012					2011
				(In thousands, except per share data)
Net sales				$	686,527				$	687,633					$	1,341,537				$	1,352,583
Cost of sales				597,207					557,816.						1,147,236					1,096,080
Gross profit				89,320					129,817						194,301					256,503
Operating expenses:
Selling, general and administrative				53,489					61,284						110,744					125,842
研究与开发				13,867					12,559						27,292					24,688
全部的operating expenses				67,356					73,843						138,036					150,530
营业收入				21,964					55,974						56,265					105,973
Other expense (income):
Interest expense				22,452					19,609						41,038					38,398
Interest expense, related party				3,492					2,830						6,984					5,410
Interest income				(828		)			(553		)				(1,717		)			(1,140		)
外汇损失				1,277					2,932						2,067					4663年
Loss on debt retirement, net				—					15,531						—					15,531
股权在未掩盖的联盟的收益				(892		)			(2,089		)				(2,880		)			（3,607		)
Other income, net				（518.		)			(325		)				(1,152		)			(469		)
全部的other expense, net				24,983					37,935						44,340					58,786
(Loss) income before income taxes				(3,019		)			18,039						11,925					47,187
Income tax (benefit) expense				(3,891		)			3,594						(529		)			6,976
Net income				872					14,445						12,454					40,211
Net (income) loss attributable to noncontrolling interests				(291		)			43						(99		)			（620.		)
Net income attributable to Amkor				$	581				$	14,488					$	12,355				$	39,591.
Net income attributable to Amkor per common share:
基本的				$	—				$	0.07					$	0.07				$	0.20
Diluted				$	—				$	0.07					$	0.07				$	0.17
Shares used in computing per common share amounts:
基本的				165,956					197,084						166,911					195,584
Diluted				166,009					280,009						167,012					278,810

AMKOR TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (Unaudited)
				June 30, 2012						December 31, 2011
				（成千上万）
ASSETS
Current assets:
Cash and cash equivalents				$	351,183					$	434,631
Restricted cash				2,680						2,680
Accounts receivable:
Trade, net of allowances				352,453						298,543
Other				18,632						27,197
Inventories				205,778						198,427
Other current assets				41,573						35,352
全部的current assets				972,299						996,830
Property, plant and equipment, net				1,751,629						1,656,214
Intangibles, net				6,436						8,382
Investments				38,822						36,707
Restricted cash				2,214						4,001
Other assets				73,784						70,913
全部的assets				$	2,845,184					$	2,773,047
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt				$	69,358					$	59,395
Trade accounts payable				448,235						424,504
Accrued expenses				190,657						158,287
全部的current liabilities				708,250						642,186
Long-term debt				1,085,545						1,062,256
Long-term debt, related party				225,000						225,000
Pension and severance obligations				130,993						129,096
Other non-current liabilities				18,129						13,288
全部的liabilities				2,167,917						2,071,826
Equity:
Amkor股东权益：
Preferred stock				—						—
Common stock				198						197
Additional paid-in capital				1,612,840						1,611,242
Accumulated deficit				(786,107		)				(798,462		)
Accumulated other comprehensive income				11,122						10,849
Treasury stock				(168,840		)				(130,560		)
全部的公司stockholders' equity				669,213						693,266
Noncontrolling interests in subsidiaries				8,054						7,955
全部的equity				677,267						701,221
全部的liabilities and equity				$	2,845,184					$	2,773,047

AMKOR TECHNOLOGY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
				For the Six Months Ended June 30,
				2012					2011
				（成千上万）
Cash flows from operating activities:
Net income				$	12,454				$	40,211
Depreciation and amortization				179,182					166,468
Loss on debt retirement, net				—					10,557
Other operating activities and non-cash items				(1,881		)			3,648
Changes in assets and liabilities				(47,292		)			13,013
Net cash provided by operating activities				142,463					233,897
Cash flows from investing activities:
Purchases of property, plant and equipment				(232,682		)			(224,629		)
Proceeds from the sale of property, plant and equipment				998					14,643
从未覆盖的联盟融资付款租赁付款				9,688					5,991
Other investing activities				1,533					(4,014		)
Net cash used in investing activities				(220,463		)			(208,009		)
Cash flows from financing activities:
Borrowings under short-term credit facilities				30,000					20,000
Payments under short-term credit facilities				（20,000		)			(15,000		)
从签发长期债务的收益				187,528					325,000
签发长期债务，关联方				—					75,000
Payments of long-term debt				(165,165		)			(354,693		)
Payments for debt issuance costs				(823		)			(5,875		)
Payments for repurchase of common stock				(35,652		)			—
Proceeds from the issuance of stock through share-based compensation plans				162					907
Payments of tax withholding for restricted shares				(446		)			（744.		)
融资活动提供的净现金（用于）提供				(4,396		)			44,595
Effect of exchange rate fluctuations on cash and cash equivalents				(1,052		)			(10		)
Net (decrease) increase in cash and cash equivalents				（83,448.		)			70,473
Cash and cash equivalents, beginning of period				434,631					404,998
Cash and cash equivalents, end of period				$	351,183				$	475,471

Source: 公司Technology, Inc.

狗万注册地址Amkor Technology，Inc。，Chandler
Joanne Solomon
Executive Vice President & Chief Financial Officer
480-786-7878
joanne.solomon@www.changhe-china.com