Amkor Technology Inc, a US semiconductor packaging and testing outsourcing provider, is considering selling its estimated $1.5 billion stake in its China business division. This is the latest foreign company planning to sell or adjust its China business.
According to a Bloomberg report on August 10th, sources revealed that Amkor Technology is considering various options, including selling a portion of the stake in its China business division.
Amkor Technology is headquartered in Tempe, Arizona.
Those who declined to be named said Amkor Technology is working with advisors to prepare for the spin-off of the division and testing the initial market interest. Sources said Amkor may retain a minority stake in the China business, with the valuation of the business division estimated to be between $1 billion and $1.5 billion.
Amkor’s stock price has risen by 34% this year, with a market capitalization of $13.1 billion. However, due to fluctuations in AI-related stocks, the stock has dropped significantly since reaching its peak in June.
Sources indicated that Asian investment institutions and industry companies may be interested in these assets. They noted that considerations are still in the preliminary stages, and no final decisions have been made, including specific details such as valuation which could still change.
A representative from Amkor declined to comment on Bloomberg’s request for comment.
If the news is confirmed, Amkor Technology would be the latest foreign company to reassess or adjust its China business.
Bloomberg reported last Friday, citing multiple sources, that SK Hynix is discussing various options with advisors, including selling a stake in its packaging factory in Chongqing, China.
On June 1st, General Mills announced selling its Häagen-Dazs ice cream shop business in mainland China to local tea company Nongfu. In November 2025, Starbucks announced selling up to 60% of its equity in its China retail business to private equity firm Bóyù Capital, with the transaction valued at $4 billion.
The Greater China business of Swedish oat milk brand Oatly is also undergoing a major strategic realignment, with senior management in China considering taking over the business through a management buyout (MBO) or spin-off, aiming to complete the process as early as 2026. American fashion brand Abercrombie & Fitch Co. is also evaluating multiple development plans for its China business, including introducing local partners, selling a portion of the stake in its China business, or seeking new investments.
Amkor Technology established its business in Shanghai in 2001, opening a packaging factory at the time. According to the company’s official website, three years later, the company acquired a second large semiconductor factory in the city from IBM.
In July of this year, Amkor announced a long-term agreement worth $1.5 billion with NVIDIA to jointly develop advanced semiconductor packaging and testing technology for next-generation AI and acceleration computing platforms. Just a month before that, the company had announced a 10-year partnership with TSMC.