ASAT France Introduces Complete Turn-Key Assembly and Test Services Capability.

Business Editors

MUNICH, Germany--(BUSINESS WIRE)--April 24, 2001

ASAT Holdings Limited and ASAT Inc., providers of innovative advanced solutions in IC package design, assembly and test, today presented the complete turn-key assembly and test services capability of ASAT France at Semicon Europa.

ASAT France will be introducing the Kestral family of products and third generation RF testing at Semicon Europa, Booth no.179, April 24-26, 2001, at the New Munich Trade Fair Centre in Munich, Germany.

With ASAT's recent acquisition of the Nancy, France, assembly facility, ASAT France will now offer advanced IC packaging and test services through the Kestral family of LPCC packages, which provide smaller, faster and higher performance products, and through the Teradyne Catalyst, offering third generation RF testing solutions, to better meet the high demand needs of the European telecommunications market.

"We are excited to provide the innovative European market with a full range of products and services on a customer-focused, turn-key basis," said Jim Healy, President of ASAT, Inc. "European IC producers are rapidly raising the stakes in semiconductor innovation, which is why ASAT sees this market as a vital growth opportunity. The expansion of services at our France facility further validates our commitment to deliver innovative solutions and reduced cycle times to our customers in this important market."

ASAT Holdings Limited (NASDAQ: ASTT) is a leader in advanced Integrated Circuit package designs and has provided outsource assembly and test services for the semiconductor industry for over ten years. The company assembles a broad selection of advanced leaded and ball grid array (BGA) packages utilizing advanced technology characterized by higher electrical and thermal performance. The company also has multi-chip module and flip-chip assembly lines, and offers testing for complex broadband mixed-signal and system-on-a-chip devices used in communications.

ASAT has facilities and offices in Asia, Europe, and across the U.S., with its major manufacturing sites in Hong Kong. ASAT, Inc., exclusive distributor of ASAT Ltd.'s services in the United States, is located at 46335 Landing Parkway, Fremont, CA 94538, phone [phone], fax [phone]. Website: www.asat.com.

This news release contains a number of forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Potential risks and uncertainties include competitive pressures, economic conditions generally, developments in the semiconductor industry and end markets of the Company's customers. More information on potential factors that could affect the Company's results is included in the Company's most recent filings with the Securities and Exchange Commission.