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

The Kim family, major stakeholders in Amkor Technology, are planning to sell a chunk of their shares. They're putting up 10 million shares of common stock for sale, with an option to add another 1. 5 million. This is a secondary offering, meaning the company itself isn't selling shares or making any money from this deal. Even after this sale, the Kim family will still own over 49% of Amkor's stock. Susan Y. Kim, the company's chairperson, is confident in Amkor's future. She believes the company is well-positioned in the global market for semiconductor packaging and test services.There are some rules around this sale. The Kim family won't be able to sell any more shares for 180 days after this sale. And the company itself won't sell any shares for 75 days. Goldman Sachs is handling the sale. Amkor is a big player in the semiconductor industry. They provide packaging and test services for all sorts of electronic devices, from smartphones to data centers. They're known for their innovation and strong customer partnerships. It's important to note that this announcement includes forward-looking statements. That means they're talking about what they think will happen in the future, which comes with some uncertainty.