CHANDLER, Ariz.--May 27, 2003--Amkor Technology, Inc. (Nasdaq: AMKR) announced that yesterday's earthquake in northern Japan caused minor damage at its assembly and test factory in Iwate, Japan. Amkor reported no injuries associated with the earthquake. Amkor expects the factory, which is a joint venture with Toshiba Semiconductor Corporation, to be closed for 1 or 2 days pending repairs. However, as a result of suspended production at Toshiba's Iwate wafer fabrication complex, Amkor's Iwate factory will experience an interruption of wafer supply from Toshiba. The full extent of this interruption is not presently known but is expected to be approximately two weeks. Amkor anticipates that these events will result in a reduction of revenue at Amkor's Iwate factory of approximately $5 million to $10 million for the second quarter. Amkor said that the earthquake did not have any severe impact on its materials suppliers.
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