Gross Margin PressureThe outlook for 2024 shows tempered expectations due to headwinds in gross margin from advanced SIP and auto/industrial mix.
Market Share LossAmkor may have lost some share in certain Apple models, contributing to a decline in expectations.
Revenue DeclineThe 4Q24 guidance implies an 11% QoQ decline in total revenue and 23% QoQ drop in Communications revenue, far greater than single-digit declines in total revenue and Communications revenue seen in a typical Q4.