CHANDLER, AZ, March 3, 2003 - Amkor Technology, Inc. (Nasdaq: AMKR) has completed the sale of its wafer fabrication services business to Korean-based Anam Semiconductor, Inc. (ASI) 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, 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.