Amkor Technology Completes Negotiations For Two Taiwan Assembly Houses.Business Editors/High-Tech Writers CHANDLER, Ariz.--(BUSINESS WIRE)--June 21, 2001 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, (Nasdaq: AMKR AMKR Amkor Technology ) has signed definitive agreements to acquire two semiconductor assembly and test operations in Taiwan, assuring its fast track entry into that country's semiconductor industry. As previously announced, Amkor is acquiring Taiwan Semiconductor Technology Company (TSTC TSTC Texas State Technical College TSTC Tri-State Transportation Campaign TSTC Transportation Safety Training Center TSTC Terascale High-fidelity Simulations of Turbulent Combustion TSTC Target Selection & Tracking Console ) and Sampo Semiconductor Corporation (SSC SSC Secondary School Certificate SSC Standard Systems Center (USAF) SSC State Services Commission (New Zealand) SSC Swedish Space Corporation SSC Salem State College (Massachusetts) ). The transactions are expected to close within the next few weeks. TSTC, located in Linkou, is a joint venture created in 1999 with Amkor, Acer and TSMC TSMC Taiwan Semiconductor Manufacturing Company, Ltd TSMC Taiwan Semiconductor Manufacturing Corporation TSMC Traffic Systems Management Center TSMC Toll Station Management Controller TSMC Transportation Supply Maintenance Command TSMC Technical Services Manager Code as major partners. SSC, located in Lung-Tang, began operations in 1997 and is principally owned by Sampo Corporation. Both SSC and TSTC are manufacturers of high-demand semiconductor devices required for cell phones, lap and desk-top computers, hand-held devices and other popular digital electronic applications. "Strong market presence by both SSC and TSTC provide Amkor Technology with a long desired foothold as a provider of assembly and test services in the Taiwan semiconductor market," said Eric Larson, executive vice president of corporate development for Amkor. Amkor will begin operating the two plants using existing staff by mid July. About Amkor Technology: Amkor Technology, Inc. is the world's largest provider of contract microelectronics manufacturing solutions. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services, including deep sub-micron 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. ; wafer probe, wafer mapping, characterization and reliability testing; IC packaging design and assembly; multi-chip module design and assembly; and final testing. 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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