Amkor Technology Announces Expansion of China Operations
July 21 2015 - 12:30PM
Business Wire
Amkor Technology, Inc. (Nasdaq: AMKR) today announced plans to
expand its state-of-the-art assembly and test factory located in
China’s Shanghai Waigaoqiao Free Trade Zone. With this project,
Amkor expects to increase its manufacturing facilities in China by
45% to nearly 60,000 square meters of cleanroom space.
“Demand for assembly and test services is booming in China,
particularly for advanced products employing wafer-level, die
stacking and package stacking technology,” said Steve Kelley,
Amkor’s president and chief executive officer. “Our Shanghai
operation is Amkor’s second-largest factory by revenue, and offers
the most advanced OSAT technologies in China for both local and
international customers. This investment reflects the long term
strength of our mobile communications business, and the
increasingly important role of the Chinese market in the global
semiconductor supply chain.”
Amkor plans to invest around $60 million for construction of the
new facilities, which is scheduled to be completed by the summer of
2016.
About Amkor
Amkor is a leading provider of semiconductor packaging and test
services to semiconductor companies and electronics OEMs. More
information on Amkor is available from the company's SEC filings
and at Amkor's website: www.amkor.com.
Forward-Looking Statement Disclaimer
This announcement 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 our
plan to expand our manufacturing facilities in China and the size,
cost and timing of such expansion, demand for assembly and test
services for advanced products in China, and the long term strength
of our mobile communications business. 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 Amkor’s Annual Report on Form 10-K for the year ended
December 31, 2014, and in its subsequent filings with the
Securities and Exchange Commission 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 announcement.
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version on businesswire.com: http://www.businesswire.com/news/home/20150721006236/en/
Amkor Technology, Inc.Greg JohnsonSenior Director, Finance and
Investor Relations480-786-7594greg.johnson@amkor.com
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