Amkor completes sale of wafer fab services business for $62M

March 3, 2003 – Chandler, AZ – Amkor Technology Inc. has completed the sale of its wafer fabrication services business to Korean-based Anam Semiconductor Inc. (ASI) for $62 million.

Amkor has obtained releases from 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 monazite 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 James Kim, Amkor’s chairman and CEO.


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