Amkor Technology Quarterly Profit Sinks 86%

Amkor Technology, a company that tests and assembles microchips, unveiled a second quarter report that showed a massive fall in profit. Among the companies main customers are Intel and IBM.
Last year in the second quarter, Amkor Technology profited $65 million. This year, their profits were all the way down to $9 million. The drop was $56 million — or about 86%. Sales for the second quarter this year were down more than 25% to $507.
The good news? Amkor Technology actually did better than expected. Experts believed that the company would actually lose money this quarter. The revenue came in more …read more