ASI Takes Over Amkor Wafer Fab Services

March 10, 2003 by Jeff Shepard

Amkor Technology Inc. (Chandler, AZ) has completed the sale of its wafer fabrication services business to Anam Semiconductor Inc. (ASI, South Korea) worth $62 million. Amkor also confirmed that it has obtained releases from key customers of the wafer fabrication business regarding Amkor's contractual obligation to perform wafer fabrication services subsequent to the transfer of the business to ASI.

"The sale of our wafer fabrication services business is a key step in Amkor's strategy to monetize our interest in Anam, and it reaffirms our commitment to enhance our financial liquidity and focus resources on our core assembly and test business," said Amkor Chairman and CEO James Kim.