Amkor Acquires Citizen’s Semiconductor BusinessJanuary 28, 2002 by Jeff Shepard
Amkor Technology Inc. (West Chester, PA) signed a definitive agreement to acquire the semiconductor assembly business of Citizen Watch Co. Ltd. (Japan). The acquisition is expected to be completed on January 31, 2002. As part of the agreement, Amkor will acquire Citizen's assembly operations together with the company's IC-packaging-related IPs. Citizen's assembly business operates as a third-party subcontractor, providing advanced IC packaging for semiconductor companies.
John Boruch, Amkor's president and CEO, commented, “The transaction enhances our existing capabilities in Japan with high-end laminate package technology and an established third-party customer base for advanced package applications. It also gives Amkor additional technology and management resources to expand our applications development and design services. In addition, the agreement provides Amkor with key patent rights to BGA packaging.”