UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

AMKOR TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

DELAWARE		000-29472		23-1722724
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1900 SOUTH PRICE ROAD
CHANDLER, AZ 85248
(Address of Principal Executive Offices, including Zip Code)

(480) 821-5000
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

ITEM 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

     On May 10, 2007, Amkor Technology, Inc. (the “Company”) gave notice to holders of its outstanding 10.50% Senior Subordinated Notes due 2009 (the “Notes”) that it has elected to redeem all remaining outstanding Notes issued pursuant to an Indenture, dated May 13, 1999 (as supplemented, the “Indenture”), between the Company and U.S. Bank National Association, as successor to State Street Bank and Trust Company, as trustee. As of May 10, 2007, the aggregate principal amount of the remaining Notes outstanding was $21,882,000.

     Pursuant to the Notes and the terms of the Indenture, the Notes will be redeemed on June 11, 2007, at a redemption price equal to 100% of the outstanding principal amount, plus accrued and unpaid interest from May 1, 2007 to the redemption date of approximately $11.67 per $1,000 principal amount, for a total redemption price of approximately $1,011.67 per $1,000 principal amount of Notes. The Notes will cease to be outstanding and no further interest will accrue on the Notes after June 11, 2007. Amkor will fund the redemption with existing cash balances.

ITEM 7.01 Regulation FD Disclosure.

     On May 10, 2007, the Company issued a press release announcing the redemption of the Notes. A copy of the press release is attached as Exhibit 99.2 to this Current Report and is incorporated by reference herein.

ITEM 9.01 Financial Statements and Exhibits

(c)   Exhibits.

Exhibit		Description
99.1		Notice of Redemption dated May 10, 2007, to holders of the Company’s 10.50% Senior Subordinated Notes due 2009.
99.2		Press Release issued by Amkor Technology, Inc. on May 10, 2007, announcing the call for redemption of all of its outstanding 10.50% Senior Subordinated Notes due 2009.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Index to Exhibits

Exhibit		Description
99.1		Notice of Redemption dated May 10, 2007, to holders of the Company’s 10.50% Senior Subordinated Notes due 2009.
99.2		Press Release issued by Amkor Technology, Inc. on May 10, 2007, announcing the call for redemption of all of its outstanding 10.50% Senior Subordinated Notes due 2009.

Exhibit 99.1

NOTICE OF REDEMPTION
TO THE HOLDERS OF
AMKOR TECHNOLOGY, INC.
10.50% SENIOR SUBORDINATED NOTES DUE 2009
CUSIP No. 031652 AE 0

     Notice is hereby given that, pursuant to the terms of the Indenture, dated as of May 13, 1999, between Amkor Technology, Inc. (the “Company”) and U.S. Bank National Association, as successor to State Street Bank and Trust Company, as trustee (the “Trustee”), as the same may have been amended, restated, supplemented or otherwise modified through the date hereof (the “Indenture”), and pursuant to Section 3.07 of the Indenture and paragraph 5 of the Notes (as defined in the Indenture), the Company is redeeming all of its outstanding 10.50% Senior Subordinated Notes Due 2009 (the “Redeemable Notes”), at a redemption price equal to 100.00% of the outstanding principal amount thereof (the “Redemption Price”), plus accrued and unpaid interest to June 11, 2007 of approximately $11.67 per $1,000 principal amount of Notes, which equals a total Redemption Price of approximately $1,011.67 per $1,000 principal amount of Notes, on June 11, 2007 (the “Redemption Date”). The Redemption Price, together with any accrued and unpaid interest, will be due and payable on each of the Redeemable Notes on the Redemption Date.

     Payment of the Redemption Price (together with accrued and unpaid interest) for the redeemed Redeemable Notes will be made on the Redemption Date upon presentation and surrender of the redeemed Redeemable Notes on or before the Redemption Date to the Trustee, as Paying Agent, by hand or by mail as follows:

By Mail:		By Hand or Overnight Mail:
U.S. Bank National Association		U.S. Bank National Association
Corporate Trust Services		Corporate Trust Services
P.O. Box 64111		60 Livingston Avenue
St. Paul, Minnesota		1st Floor — Bond Drop Window
55164-0111		St. Paul, Minnesota
			55107

     The redeemed Redeemable Notes will no longer be deemed outstanding on and after the Redemption Date, and all rights with respect thereto will cease, except only the right of the holders thereof to receive the Redemption Price (together with accrued and unpaid interest).

     Unless the Company shall default in the deposit of the Redemption Price (together with accrued and unpaid interest) with the Paying Agent, interest on the redeemed Redeemable Notes called for redemption will cease to accrue on and after the Redemption Date, and the only remaining right of the holder thereof is to receive payment of the Redemption Price (together with accrued and unpaid interest) upon surrender to the Paying Agent of the redeemed Redeemable Notes.

     Under Federal income tax law, paying agents may be required to withhold 28% of payments to holders unless such holders establish an exemption from withholding. United States persons generally establish an exemption from withholding by providing a paying agent with completed Internal Revenue Service Form W-9. Non-United States persons generally establish an exemption from withholding by providing a paying agent with a completed Internal Revenue Service Form W-8 BEN.

     The CUSIP number appearing herein has been included solely for the convenience of the holders of the Redeemable Notes. Neither the Company nor the Trustee shall be responsible for the selection or use of any such CUSIP number, nor is any representation made as to its correctness on the Redeemable Notes or as indicated herein.

Exhibit 99.2

Amkor Calls for Redemption of Its
10.50% Senior Subordinated Notes Due 2009

CHANDLER, Ariz.—May 10, 2007—Amkor Technology, Inc. (NASDAQ: AMKR) announced today that it is calling for the redemption on June 11, 2007 of all of its outstanding 10.50% Senior Subordinated Notes due 2009 (the “Notes”). As of today the, total aggregate principal amount outstanding of the Notes is $21,882,000. The CUSIP number for the Notes being called for redemption is 031652 AE 0. Upon redemption, the Notes will be redeemed at a price equal to 100% of the principal amount, plus accrued and unpaid interest from May 1, 2007 to the redemption date of approximately $11.67 per $1,000 principal amount, for a total redemption price of approximately $1,011.67 per $1,000 principal amount of Notes. The Notes will be automatically redeemed on June 11, 2007, and no further interest will accrue on the Notes. Amkor will fund the redemption with existing cash balances.

A Notice of Redemption is being mailed to all registered holders of the Notes. Copies of the Notice of Redemption may be obtained from U.S. Bank National Association, the Paying Agent, by calling Susan Freedman at 617-603-6562.

About Amkor

Amkor is a leading provider of advanced 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.
Jeffrey Luth, 480-821-5000, ext. 5130
jluth@amkor.com