Amkor Technology (NASDAQ: AMKR) shares have lost 17.7% in the past three months, underperforming the Zacks Electronics - Semiconductors industry and the S&P 500 index's return of 2.2% and 4.2%, respectively. The underperformance is attributable to a myriad of challenges that are keeping the investors away.
Throughout the past year, Amkor struggled with supply chain disruption caused by geopolitical tension and faced macroeconomic challenges caused by high inflation and interest rates. The outsourced semiconductor packaging and test services (OSAT) leader also suffered from the shortage of semiconductors, keeping its top and bottom lines constrained.
In the previous quarter, AMKR reported that it was still suffering from the slow recovery of automotive and industrial space, along with softness in traditional data center client demand. AMKR's several factories have been reported not to be functioning at full capacity, hence hurting its top-line growth.
Amkor is also suffering from lower ...
