TEMPE, Ariz.--(BUSINESS WIRE)--Jul. 21, 2015--
Amkor Technology, Inc. (Nasdaq: AMKR) today announced plans to expand
its state-of-the-art assembly and test factory located in China’s
Shanghai Waigaoqiao Free Trade Zone. With this project, Amkor expects to
increase its manufacturing facilities in China by 45% to nearly 60,000
square meters of cleanroom space.
“Demand for assembly and test services is booming in China, particularly
for advanced products employing wafer-level, die stacking and package
stacking technology,” said Steve Kelley, Amkor’s president and chief
executive officer. “Our Shanghai operation is Amkor’s second-largest
factory by revenue, and offers the most advanced OSAT technologies in
China for both local and international customers. This investment
reflects the long term strength of our mobile communications business,
and the increasingly important role of the Chinese market in the global
semiconductor supply chain.”
Amkor plans to invest around $60 million for construction of the new
facilities, which is scheduled to be completed by the summer of 2016.
About Amkor
Amkor is a leading provider of semiconductor packaging and test services
to semiconductor companies and electronics OEMs. More information on
Amkor is available from the company's SEC filings and at Amkor's
website: www.amkor.com.
Forward-Looking Statement Disclaimer
This announcement contains forward-looking statements within the meaning
of federal securities laws. All statements other than statements of
historical fact are considered forward-looking statements including,
without limitation, statements regarding our plan to expand our
manufacturing facilities in China and the size, cost and timing of such
expansion, demand for assembly and test services for advanced products
in China, and the long term strength of our mobile communications
business. These forward-looking statements involve a number of risks,
uncertainties, assumptions and other factors that could affect future
results and cause actual results and events to differ materially from
historical and expected results and those expressed or implied in the
forward-looking statements. Important risk factors that could affect the
outcome of the events set forth in these statements and that could
affect our operating results and financial condition are discussed in
Amkor’s Annual Report on Form 10-K for the year ended December 31, 2014,
and in its subsequent filings with the Securities and Exchange
Commission made prior to or after the date hereof. Amkor undertakes no
obligation to review or update any forward-looking statements to reflect
events or circumstances occurring after the date of this announcement.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150721006236/en/
Source: Amkor Technology, Inc.
Amkor Technology, Inc.
Greg Johnson
Senior Director, Finance
and Investor Relations
480-786-7594
greg.johnson@amkor.com