TOKYO & CHANDLER, Ariz.--(BUSINESS WIRE)--Jul. 31, 2013--
Toshiba Corporation (TOKYO: 6502) and Amkor Technology, Inc. (Nasdaq:
AMKR) today announced that the companies have completed Amkor’s
acquisition of Toshiba Electronics Malaysia Sdn. Bhd. (“TEM”), Toshiba’s
semiconductor packaging operation in Malaysia. The transaction also
includes Toshiba’s license to Amkor of related intellectual property
rights and a manufacturing services agreement between Toshiba and Amkor.
Under the manufacturing services agreement, Toshiba has agreed to
purchase and TEM has agreed to supply packaging and test services for
certain discrete semiconductor products and analog LSI products.
Established in 1973, TEM has steadily expanded the scale of its
packaging operations, primarily of discrete and analog semiconductors.
In recent years, its main product has been power semiconductors.
Toshiba positions power semiconductors as a driver of growth for its
semiconductor business and seeks to maximize cost competitiveness across
its front- and back-end operations. Transferring ownership of TEM to the
Amkor group will allow TEM to take full advantage of Amkor’s large scale
production and materials procurement capabilities and boost the overall
efficiency of its power semiconductor operations.
Toshiba will continue to subcontract power semiconductor packaging and
test to Amkor as an important source of key products. As it does so,
Toshiba will shift its focus and resources to front-end wafer
fabrication for power semiconductors by reinforcing production
capabilities at Kaga Toshiba Electronics Corporation, Toshiba Group’s
discrete semiconductor production facility in Ishikawa Prefecture, Japan.
Amkor expects the transaction to further strengthen its relationship
with Toshiba and to grow its semiconductor packaging and testing
business. Amkor plans to leverage the technology and scale of this new
factory to attract leading power discrete customers to Amkor.
About Toshiba
Toshiba is a world-leading diversified manufacturer, solutions provider
and marketer of advanced electronic and electrical products and systems.
Toshiba Group brings innovation and imagination to a wide range of
businesses: digital products, including LCD TVs, notebook PCs, retail
solutions and MFPs; electronic devices, including semiconductors,
storage products and materials; industrial and social infrastructure
systems, including power generation systems, smart community solutions,
medical systems and escalators & elevators; and home appliances.
Toshiba was founded in 1875, and today operates a global network of more
than 590 consolidated companies, with 206,000 employees worldwide and
annual sales surpassing 5.8 trillion yen (US$61 billion). Visit
Toshiba's web site at www.toshiba.co.jp/index.htm
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 filings with the Securities and
Exchange Commission and on 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 Amkor’s relationship with
Toshiba, the growth of Amkor’s business, Amkor’s presence in the power
discrete market and demand for Amkor’s services. 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, including,
but not limited to, the following: the ability of Amkor to successfully
integrate TEM and to achieve expected benefits; the level of demand for
outsourced assembly and test services for power discretes, and the
ability of Amkor to leverage the technology and scale of TEM to attract
other leading suppliers in the power discrete segment. Other important
risk factors that could affect the outcome of the events set forth in
these statements are discussed in Amkor’s Annual Report on Form 10-K for
the year ended December 31, 2012, 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.
Source: Amkor Technology, Inc.
Toshiba Corporation
Toru Ohara
Corporate Communications Office
Phone:
+81-3-3457-2105
tooru.oohara@toshiba.co.jp
Amkor
Technology, Inc.
Greg Johnson
Senior Director, Investor
Relations and Corporate Communications
480-786-7594
greg.johnson@amkor.com
