雅克Technology Reports Financial Results for the Third Quarter 2012

Third Quarter 2012

Net sales 6.95亿美元
Gross margin 17%
净收入 $22 million
Earnings per diluted share 0.11美元

CHANDLER, Ariz.- （商业资讯） - OCT。25,2012-- 雅克Technology, Inc.(NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the third quarter ended 2012年9月30日那with net sales of $695 million, net income of $22 million, and earnings per diluted share of 0.11美元。

“包装和测试中的无线通信的稳固需求是我们第三季度业务的关键驱动因素” Ken Joyce那雅克'spresident and chief executive officer. "Lower than anticipated supply of 28 nanometer wafers in the early part of the quarter and the overall weakness in the semiconductor market and general economy constrained our growth."

2012年第三季度所选财务信息如下：

Net Sales: $695 million, up 1% from $687 million in the prior quarter, and down 6% from $740 million in the third quarter of 2011
Gross Margin: 17%, compared to adjusted gross margin of 17% in the prior quarter, and 17% in the third quarter of 2011
Net Income: $22 million, down from adjusted net income of $33 million in the prior quarter, and down from $27 million in the third quarter of 2011
每个摊薄份额的收益： 0.11美元那down from adjusted earnings per diluted share of 0.15美元in the prior quarter, and flat with 0.11美元在2011年第三季度

The adjusted gross margin, adjusted net income and adjusted earnings per diluted share presented above for the second quarter 2012 are non-GAAP measures. Selected operating data for the third quarter 2012, and a reconciliation of the second quarter 2012 non-GAAP measures presented above to the comparable GAAP measures, are included in a section below before the financial statements.

“Capital additions were 17300万美元during the third quarter, primarily in support of customers in smartphones and tablets,” said Joanne Solomon.那雅克'sexecutive vice president and chief financial officer. "We accelerated the purchase of some 28 nanometer test equipment to meet the ramp in demand for communications at the end of the quarter. Capital additions for the year are expected to remain around $500 millionas we continue to support the growing demand for communications in the fourth quarter and beyond."

雅克'sBoard of Directors previously authorized $300 millionfor the repurchase of our common stock. During the third quarter 2012 the company repurchased 8.3 million shares at a purchase price of $4.1。8.million那for a total of 45.0 million shares at a purchase price of $208.4 millionsince the program commenced.

“We took advantage of favorable conditions in the capital markets to refinance certain debt of our subsidiaries,” continued Solomon. “Our new 10-year note extends our maturities and mitigates future refinancing and liquidity risks.”

现金和现金等价物是 $549 million那and net debt was $1。1billion，在 2012年9月30日。

Business Outlook

基于当前可用的信息,我们甲型肝炎e the following expectations for the fourth quarter 2012:

Net sales of $675 million to $725 million那down 3% to up 4% from the prior quarter
Gross margin of 16% to 19%
净收入为1100万美元至3500万美元，或 $0.07 to $0.16per diluted share
Capital additions of around $50 million第四季度，周围 $500 million全年（不包括 $100 millionfor the acquisition of land relating to our previously announced new factory and R&D center in Incheon, South Korea）

“We expect solid growth in wireless communications in the fourth quarter of 2012 as our investment in this market continues to gain momentum,” noted Joyce. “The anticipated growth in communications during the quarter is expected to offset the general softening in demand we see in the other end markets due to the weak and uncertain macroeconomic environment and the normal seasonal decline in gaming."

电话会议信息

雅克will conduct a conference call on 2012年10月25日星期四，在 5:00 p.m. Eastern Time。This call may include material information not included in this press release. This call is being webcast and can be accessed at 雅克's网站：www.www.chenyuhi.com。You may also access the call by dialing 1-877-941-8631 or 1-480-629-9723. A replay of the call will be made available at 雅克'swebsite or by dialing 1-800-406-7325 or 1-303-590-3030 (access pass code #4568999). The webcast is also being distributed over 汤姆森路透社'Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through 汤姆森路透社'个人投资者中心 www.companyboardroom.com或访问任何投资者网站汤姆森路透社'Individual Investor Network. Institutional investors can access the call via 汤姆森路透社'password-protected event management site, Street Events (www.streetevents.com）。

关于雅克

雅克is a leading provider of semiconductor packaging and test services to semiconductor companies and electronics OEMs. More information about 雅克is available from the company's filings with the Securities and Exchange Commissionand on 雅克's网站：www.www.chenyuhi.com。

前瞻性陈述免责声明

This press release contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical fact are considered forward-looking statements including, without limitation, statements regarding our expectations for 2012 capital expenditures, growing demand for smartphones and tablets, the impact of our new 10-year note on future liquidity and 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:

诉讼和其他法律活动的高度不可预测的性质和成本以及此类事项不利结果的风险，包括泰塞仲裁中的最终裁决以及其他诉讼涉及的其他诉讼的影响 Tessera, Inc.;
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;
我们的业务，经济和市场条件，现金需求和投资机会的表现，需要额外的能力和设施，以服务客户需求以及运营或融资的现金流量的可用性;
供应28纳米晶片;
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;
our substantial indebtedness and restrictive covenants;
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;
我们的控件中的中断或缺陷导致我们的新企业资源计划系统的实施;
worldwide economic effects of terrorist attacks, natural disasters and military conflict;
我们控制成本和提高盈利能力的能力;
competition, competitive pricing and declines in average selling prices;
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;
汇率波动;
依赖关键人员;
管理增长的困难;
执行和遵守知识产权;
environmental and other governmental regulations; and
technological challenges.

可能影响这些陈述中规定的事件结果以及可能影响我们的经营结果和财务状况的其他重要风险因素在2011年12月31日止年度的10-k年度的年度报告中讨论了我们的经营业绩和财务状况公司随后的申请 Securities and Exchange Commissionmade prior to or after the date hereof. 雅克毫无义务审查或更新任何前瞻性陈述，以反映本新闻稿日期后发生的事件或情况。


AMKOR TECHNOLOGY, INC.
Selected Operating Data

	Q3 2012			Q2 2012			Q3 2011
Sales Data(prior periods were revised for a refinement of our classifications):
Packaging services (in millions):
芯片规模包装	$	235		$	244		$	247
引线框架	17.1			17.6			17.9.
Ball grid array	14.8.			137			19.0
Other packaging	62			54			52
Packaging services	616.			611.			668
测试services	7.9.			7.6			7.2
Total sales	$	695		$	687		$	7.4.0

Packaging services:
芯片规模包装	34		％	35		％	33		％
引线框架	25		％	26		％	24		％
Ball grid array	21		％	20		％	26		％
Other packaging	9.		％	8.		％	7.		％
Packaging services	8.9.		％	8.9.		％	9.0		％
测试services	11		％	11		％	10		％
Total sales	100		％	100		％	100		％

Packaged units (in millions):
芯片规模包装	603.			4.8.0			4.61
引线框架	1,499			1那589			1那511
Ball grid array	4.7.			4.5			57
Other packaging	51			11			28
Total packaged units	2,200			2,125			2,057

Net sales from top ten customers	62		％	64		％	63		％

Capacity Utilization
Packaging	7.6		％	7.9.		％	7.9.		％
测试	7.7.		％	8.0		％	7.6		％

End Market Distribution Data(an approximation including representative devices and applications based on a sampling of our largest customers):
通讯（手机，平板电脑，无线LAN，手持设备）	4.4.		％	4.5		％	4.0		％
消费者（游戏，电视，机顶盒，便携式媒体，数码相机）	24		％	23		％	27		％
Computing (PCs, laptops, hard disk drives, servers, displays, printers, peripherals)	11		％	12		％	12		％
网络（网络服务器，路由器，交换机）	12		％	11		％	12		％
Other (auto, industrial)	9.		％	9.		％	9.		％
Total	100		％	100		％	100		％

Gross Margin Data:
Net sales	100		％	100		％	100		％
Cost of sales:
材料	4.3		％	4.3		％	4.5		％
劳动	15		％	15		％	15		％
Other manufacturing	25		％	25		％	23		％
Loss contingency accrual	-		％	4.		％	-		％
Gross margin	17.		％	13		％	17.		％

	Q3 2012			Q2 2012			Q3 2011
	(In millions, except per share data)
Capital Investment Data:
Property, plant and equipment additions	$	17.3		$	14.9.		$	123
净acc的变化相关ounts payable and deposits	（25.		）	（38.		）	（23.		）
购买物业，厂房和设备	$	14.8.		$	111		$	100
Depreciation and amortization	$	9.4.		$	9.1		$	8.3

Free Cash Flow Data:
Net cash provided by operating activities	$	14.2		$	8.6		$	14.2
Less purchases of property, plant and equipment	(148		）	(111		）	（100.		）
Free cash flow*	$	(6	）	$	（25.	）	$	4.2

每股收益数据:
销售赠送赠送的净收入- basic	$	22		$	1		$	27

Adjustment for dilutive securities on net income:
Interest on 6.0% convertible notes due 2014, net of tax	4.			-			4.
销售赠送赠送的净收入- diluted	$	26		$	1		$	31

Weighted average shares outstanding - basic**	154			166			19.5
Effect of dilutive securities:
6.0% convertible notes due 2014	8.3			-			8.3
加权平均股票未结 - 稀释	237			166			278

销售赠送赠送的净收入per common share:
Basic	$	0.14		$	-		$	0.14
Diluted	$	0.11		$	-		$	0.11

*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. generally accepted accounting principles ("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.

**Amkor's Board of Directors previously authorized $300 million for the repurchase of our common stock. During the third quarter, we repurchased 8.4 million shares of common stock for a purchase price of $41.8 million. As of September 30, 2012, we had repurchased a total of 45.0 million shares under the stock repurchase program for a purchase price of $208.4 million.

在上面的新闻稿中，我们向2012年第二季度提供调整后的毛利率，调整后的净收入和调整后的每股摊款收益。我们展示了这些非GAAP金额来证明2012年第二季度损失应计应计的影响。但是，这些措施具有局限性，包括他们排除了TESSERA仲裁面板奖的应计，这是该公司最终可能以现金支付的金额。此外，影响仲裁奖励计算的因素是复杂的，并受仲裁小组的确定。因此，最终损耗量可能超过目前应计的量。因此，除了根据美国GAAP编制的替代，也应考虑排除损失应变应计的措施，而不是替代或优于毛利率，净利润，净收入和收益。以下是调整后的毛利率，调整后净收入和调整后的盈利对美国GAAP毛额保证金，净收入和每次摊薄收益的调整后的盈利。

非GAAP财务措施和解：
	Q2 2012
Gross margin	13		％
加：损失应急应计净额除以净销售	4.		％
Adjusted gross margin	17.		％

	Q2 2012
	(In millions)
净收入	$	1
加：损失应变应计，税收净额	32
Adjusted net income	$	33

	Q2 2012
Earnings per diluted share	$	-
Plus: Loss contingency accrual per diluted share	0.13
加：调整利息的稀释效应6.0％可转换票据2014年，税收净税	0.02
Adjusted earnings per diluted share	$	0.15


AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2012年			2011年			2012年			2011年
	(In thousands, except per share data)
Net sales	$	695,353		$	7.4.0,007		$	2,036,890		$	2,092,590
Cost of sales	578,566			617,768			1,725,802			1那7.13,848
Gross profit	116,787			122,239			311,088			378,742
Operating expenses:
Selling, general and administrative	49,297			65,011			160,041			190,853
Research and development	13,472			13,233			4.0,764			37,921
总运营费用	62,769			7.8.那244			20005年			228,774
Operating income	54,018			4.3,995			110,283			149,968
Other expense (income):
Interest expense	19.那689			17.那594			60,727			55,992
Interest expense, related party	3,493			3,492			10,477			8.那9.02
利息收入	（772.		）	（648.		）	(2,489		）	(1,788		）
Foreign currency loss (gain)	2,394			(3,005		）	4.那4.61			1那658
债务退休损失，净额	-			-			-			15,531
Equity in earnings of unconsolidated affiliate	(2,541		）	(3,034		）	(5,421		）	（6,641.		）
Other income, net	(359		）	（226.		）	(1,511		）	（695.		）
Total other expense, net	21,904			14.那17.3			66,244			7.2,959
Income before income taxes	32,114			29,822			4.4.那039			7.7.那009
所得税费用	9.那538			2,499			9.那009			9.那4.7.5
净收入	22,576			27,323			35,030			67,534
Net (income) loss attributable to noncontrolling interests	（25.9.		）	4.4.			(358		）	（576.		）
销售赠送赠送的净收入	$	22,317		$	27,367		$	34,672		$	66,958

销售赠送赠送的净收入per common share:
Basic	$	0.14		$	0.14		$	0.21		$	0.34
Diluted	$	0.11		$	0.11		$	0.19		$	0.28

Shares used in computing per common share amounts:
Basic	154,365			19.5,364			162,699			19.5,510
Diluted	237,060			278,068			245,431			278,529


AMKOR TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
	September 30, 2012年			December 31, 2011年
	(In thousands)
资产
当前资产：
Cash and cash equivalents	$	549,085		$	434,631
Restricted cash	2,680			2,680
应收账款：
Trade, net of allowances	359,318			298,543
Other	14,550.			27,197
Inventories	218,343			198,427
其他现有资产	38,965			35,352
流动资产总额	1那18.2,941			9.9.6,830
物业，植物和设备，网	1那8.32,387			1,656,214
Intangibles, net	5,490			8.那382
投资	4.2,324			36,707
Restricted cash	2,264			4.那001
Other assets	78,151			7.0,913
Total assets	$	3,143,557		$	2,773,047

LIABILITIES AND EQUITY
Current liabilities:
短期借款和长期债务的当前部分	$	4.0,475		$	59,395
Trade accounts payable	500,170			424,504
Accrued expenses	19.7.那7.9.8.			158,287
Total current liabilities	7.38,443			642,186
Long-term debt	1那361,665			1那062,256
Long-term debt, related party	225,000.			225,000.
Pension and severance obligations	14.1那062			129,096
Other non-current liabilities	17.那561			13,288
Total liabilities	2,483,731			2,071,826
公平：
雅克stockholders' equity:
Preferred stock	-			-
Common stock	19.8.			19.7.
Additional paid-in capital	1那613,471			1那611.那242
Accumulated deficit	（763,790.		）	(798,462		）
Accumulated other comprehensive income	12,555			10,849
财政股票	(210,921		）	(130,560		）
Total Amkor stockholders' equity	651,513			693,266
Noncontrolling interests in subsidiaries	8.那313			7.那9.55
总股权	659,826			701,221
Total liabilities and equity	$	3,143,557		$	2,773,047


AMKOR TECHNOLOGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
	For the Nine Months Ended September 30,
	2012年			2011年
	(In thousands)
Cash flows from operating activities:
净收入	$	35,030		$	67,534
Depreciation and amortization	272,891			249,543
债务退休损失，净额	-			10,557
Other operating activities and non-cash items	(724		）	1那537
Changes in assets and liabilities	(22,761		）	4.6,621
Net cash provided by operating activities	284,436			375,792

Cash flows from investing activities:
购买物业，厂房和设备	（38.0,344		）	(324,349		）
Proceeds from the sale of property, plant and equipment	3,759			15,333
Financing lease payment from unconsolidated affiliate	13,684			7.那7.4.1
Other investing activities	1那4.51			(5,654		）
Net cash used in investing activities	(361,450		）	(306,929		）

Cash flows from financing activities:
Borrowings under short-term debt	30,000			26,567
Payments of short-term debt	(40,000		）	(21,567		）
Proceeds from issuance of long-term debt	562,528			348,236
Proceeds from issuance of long-term debt, related party	-			7.5,000
Payments of long-term debt	（272,976.		）	(373,655		）
Payments for debt issuance costs	(6,007		）	（5,875.		）
Payments for repurchase of common stock	(80,946		）	（41,543.		）
Proceeds from the issuance of stock through share-based compensation plans	18.1			933.
Payments of tax withholding for restricted shares	（546.		）	（793.		）
Net cash provided by financing activities	192,234			7.那303

Effect of exchange rate fluctuations on cash and cash equivalents	（766.		）	2,226

Net increase in cash and cash equivalents	114,454.			78,392
现金和现金等价物，期初	434,631			4.04,998
现金和现金等价物，期末	$	549,085		$	483,390.

Source: 雅克Technology, Inc.

雅克Technology, Inc.
Joanne Solomon.
执行副总裁兼首席财务官
4.8.0-786-7878
joanne.solomon@www.chenyuhi.com
Greg Johnson
Senior Director, Corporate Communications
480-786-7594
greg.johnson@www.chenyuhi.com