Amkor Completes Sale of Wafer Fabrication Services Business for $62 Million.Business Editors/High-Tech Writers CHANDLER, Ariz.--(BUSINESS WIRE)--March 3, 2003 Amkor Technology Amkor Technology, Inc. (NASDAQ: AMKR) is a high-tech semiconductor product manufacturer that includes Intel and IBM among its primary customers. Previously headquartered in West Chester, Pennsylvania, United States, Amkor recently announced that it will move to Chandler, , Inc. (Nasdaq:AMKR AMKR Amkor Technology ) has completed the sale of its wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. services business to Korean-based Anam Semiconductor, Inc. (ASI ASI, n See Anxiety Sensitivity Index. ) for a total price of $62 million. Amkor also confirmed that it has obtained releases from key customers of the wafer fabrication business regarding Amkor's contractual obligation to perform wafer fabrication services subsequent to the transfer of the business to ASI. "The sale of our wafer fabrication services business is a key step in Amkor's strategy to monetize our interest in Anam, and it reaffirms our commitment to enhance our financial liquidity and focus resources on our core assembly and test business," said James Kim This article is about the CNET editor. For the Korean guitarist, see Kim Se Hwang. For the Korean-American physician, see Jim Kim. James Kim (August 9, 1971 – December 3/4, 2006) was an American television personality and technology analyst for the former , Amkor's chairman and chief executive officer. Amkor Technology, Inc. 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. |
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