Amkor Updates Disclosure on Dongbu
Amkor Updates Disclosure on Dongbu
CHANDLER, Ariz., Aug 21, 2002 (BUSINESS WIRE) -- Amkor Technology, Inc.
(Nasdaq: AMKR) today confirmed that Texas Instruments, Dongbu and Anam
Semiconductor, Inc. "ASI" have been unable to come to terms on a letter of
intent regarding technology transfer and manufacturing / purchase agreements.
The execution of this letter of intent was a condition precedent to the
shareholders agreement between Amkor and Dongbu, under which Dongbu agreed to
purchase 20 million shares of ASI's common stock from Amkor.
Amkor and Dongbu are in continued discussions to explore ways in which the share purchase transaction may still be completed.
Amkor is the world's largest provider of contract semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services. More information on Amkor is available from the company's SEC filings and on Amkor's web site: www.amkor.com.
CONTACT: Amkor Technology, Inc.
VP Corporate Communications
Jeffrey Luth, 480/821-2408 ext. 5130
jluth@amkor.com
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