Amkor Technology Inc. (NASDAQ: AMKR) announced that its largest shareholder group, the Kim Family, will sell 10 million shares of the company’s common stock in a secondary public offering priced at $48.75 per share. The shares will be sold by 915 Investments, LP, an investment vehicle for the Kim Family and Susan Y. Kim, the company’s chairman. The transaction is a secondary sale; Amkor will not receive any proceeds and the company is not issuing new shares.
The Kim Family will retain ownership of more than 49 % of Amkor’s common stock after the sale, maintaining its status as the company’s largest shareholder. The offering is subject to a 30‑day option for the underwriter, Goldman Sachs, to purchase an additional 1.5 million shares, and the Kim Family has agreed to a 180‑day lock‑up on any remaining shares. Amkor itself is subject to a 75‑day lock‑up on the shares it holds, a standard practice to manage market impact.
The sale is intended to provide liquidity to the Kim Family while preserving its substantial stake in the company. Susan Y. Kim said, “The Kim family remains Amkor’s largest investor, confident in the Company’s strategic vision and we believe Amkor is in a unique position as a globally diversified OSAT.” The statement underscores the family’s continued confidence in Amkor’s long‑term strategy despite the liquidity event.
Amkor’s recent financial performance has been strong. In Q4 2025, the company reported earnings per share of $0.69 versus an estimate of $0.44, and revenue of $1.89 billion versus $1.84 billion. In Q4 2024, earnings per share were $0.43, in line with expectations, and revenue was $1.63 billion. In Q1 2024, earnings per share were $0.24 versus an estimate of $0.11, and revenue was $1.37 billion versus $1.36 billion. These results demonstrate consistent earnings growth and revenue resilience across multiple quarters.
The market reacted to the announcement with a 6.8 % decline in pre‑market trading on February 13 2026, reflecting investor concern over the large volume of shares being sold by a major shareholder. The sale’s impact on ownership concentration and potential governance implications likely contributed to the short‑term price pressure, even though the Kim Family will continue to hold a controlling stake.
The secondary sale is a material event for investors because it is a large insider equity transaction that can influence perceptions of ownership concentration and shareholder alignment. While Amkor will not receive any proceeds, the transaction may affect the company’s share price and the Kim Family’s influence over corporate governance, underscoring the importance of monitoring the completion of the sale and any subsequent changes in ownership concentration.
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