Market Chatter: Amkor Technology Exploring Possible Stake Sale in China Arm

MT Newswires Live08-11 12:43

Semiconductor assembly outsourcing company Amkor Technology is looking at options, including selling a portion of its China business, Bloomberg reported Tuesday, citing people with knowledge of the matter.

Amkor hired an adviser to help prepare the possible stake sale and measure interest among possible buyers, which could include Asian investment firms and industry players, the report said, citing the people.

Amkor did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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