CHANDLER, Arizona – May 25, 2011 – Amkor Technology, Inc. (NASDAQ: AMKR) is calling today for redemption on June 24, 2011 all of its outstanding 9.25% Senior Notes due 2016 (the “Notes”).  The aggregate principal amount of the Notes currently outstanding is $264,283,000.  This call for redemption is being made to redeem any Notes that are not submitted in the previously announced tender offer for the Notes, which expires at 11:59 p.m., New York City time, on June 14, 2011 (unless extended) (the “Tender Offer”).  Any and all Notes that are not purchased in the Tender Offer will be redeemed pursuant to the call for redemption.  The CUSIP number for the Notes being called for redemption is 031652AW0.  Upon redemption, holders of the Notes will receive $1,046.25 per $1,000 principal amount of Notes, plus accrued and unpaid interest thereon to, but excluding, the redemption date.

A Notice of Redemption is being mailed to all registered holders of the Notes.  Copies of the Notice of Redemption may be obtained from U.S. Bank National Association, the Paying Agent, by calling (800) 934-6802.

About Amkor


Amkor is a leading provider of semiconductor assembly and test services to semiconductor companies and electronics OEMs. More information on Amkor is available from the company’s Securities and Exchange Commission (the “SEC”) filings and on Amkor’s website:  www.amkor.com.

 

Forward-Looking Statement Disclaimer


This press release contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical fact are considered forward-looking statements including, without limitation, statements regarding the redemption of the Notes and the Tender Offer. These forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could affect future results and cause actual results and events to differ materially from historical and expected results and those expressed or implied in the forward-looking statements. Important risk factors that could affect the outcome of the events set forth in these statements and that could affect our operating results and financial condition are discussed in our Annual Report on Form 10-K for the year ended December 31, 2010, and in our subsequent filings with the SEC made prior to or after the date hereof. Amkor undertakes no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release.

 

Contacts


Amkor Technology, Inc.
Joanne Solomon
Executive Vice President and Chief Financial Officer
480-786-7878