| Amkor Technology (Nasdaq: AMKR) might not be a household name, but it plays a crucial role in the semiconductor industry. As the world's largest U.S.-headquartered OSAT (outsourced semiconductor assembly and test) service provider, Amkor packages and tests chips for major tech companies. It serves a variety of industries, including communications, computing, automotive, and consumer electronics. The company's financial performance shows both strengths and challenges. In 2024, Amkor generated $6.3 billion in net sales, down about 3% from $6.5 billion in 2023. While computing revenue hit record levels, it couldn't fully offset weakness in automotive, industrial, and communications markets. Fourth quarter results revealed further slowing, with revenue dropping from $1.8 billion to $1.6 billion year over year, while quarterly earnings fell from $0.48 per share to $0.43. Despite these headwinds, Amkor remains financially solid. The company posted full-year net income of $354 million and generated substantial free cash flow of $359 million in 2024. Management has also shown confidence by increasing the company's quarterly dividend by 5% and issuing a special $0.41 per share dividend in December. Amkor's balance sheet remains strong as well, with $1.6 billion in cash and short-term investments versus $1.2 billion in debt. Looking at Amkor's stock chart reveals quite a roller coaster ride. After hitting highs around $43 last July, shares have tumbled more than 60% to their current level around $16. This dramatic decline naturally raises questions about valuation. Is Amkor worth a look at current prices? Let's run it through The Value Meter to find out. | 
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