Amkor Technology Completes Negotiations For Two Taiwan Assembly Houses
CHANDLER, Ariz.--(BUSINESS WIRE)--June 21, 2001--Amkor Technology (Nasdaq: AMKR) has signed definitive agreements to acquire two semiconductor assembly and test operations in Taiwan, assuring its fast track entry into that country's semiconductor industry.
As previously announced, Amkor is acquiring Taiwan Semiconductor Technology Company (TSTC) and Sampo Semiconductor Corporation (SSC). The transactions are expected to close within the next few weeks.
TSTC, located in Linkou, is a joint venture created in 1999 with Amkor, Acer and TSMC as major partners. SSC, located in Lung-Tang, began operations in 1997 and is principally owned by Sampo Corporation.
Both SSC and TSTC are manufacturers of high-demand semiconductor devices required for cell phones, lap and desk-top computers, hand-held devices and other popular digital electronic applications.
"Strong market presence by both SSC and TSTC provide Amkor Technology with a long desired foothold as a provider of assembly and test services in the Taiwan semiconductor market," said Eric Larson, executive vice president of corporate development for Amkor.
Amkor will begin operating the two plants using existing staff by mid July.
About Amkor Technology: Amkor Technology, Inc. is the world's largest provider of contract microelectronics manufacturing solutions. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services, including deep sub-micron wafer fabrication; wafer probe, wafer mapping, characterization and reliability testing; IC packaging design and assembly; multi-chip module design and assembly; and final testing. More information on Amkor is available from the company's SEC filings and on Amkor's web site: www.amkor.com.
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