CHANDLER, Ariz., Dec. 2 -- Amkor Technology, Inc. (Nasdaq: AMKR) said today that it was vindicated by a favorable jury verdict in the trial in which Royal Philips Electronics sued Amkor and Sumitomo Bakelite Company over the failure of certain semiconductor chips sold by Philips to Maxtor Corporation. Following a six week trial, the jury's verdict was that Amkor had no liability under Philips' earlier settlement with Maxtor.
"We are pleased that the jury in this case recognized that Amkor was not responsible for the failure of semiconductor chips sold by Philips containing mold compound manufactured by Sumitomo," said John Boruch, Amkor's president and chief operating officer. "The verdict supports the position we have taken since the beginning of this litigation, in that Amkor abided by all industry practices to ensure customer qualification in this mold compound. It is Amkor's hope that the result in this case will have a positive effect in resolving the remaining claims arising from the Sumitomo mold compound."
Amkor Technology, Inc. is a leading 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.
Contact: Amkor Technology Jeffrey Luth VP Corporate Communications (480) 821-2408 Ext. 5130 email@example.com