Amkor Technology enters Taiwan semiconductor market, acquiring two established assembly and test companies

Amkor Technology enters Taiwan semiconductor market, acquiring two established assembly and test companies

Keywords Amkor, Taiwan, Acquisition

Amkor Technology is continuing the momentum of its announced growth strategy in Asia by acquiring two established semiconductor assembly and test companies in Taiwan, enabling the company's rapid entry into that nation's growing semiconductor industry.

In separate transactions, Amkor will acquire Taiwan Semiconductor Technology Corporation (TSTC) of Linkou, and Sampo Semiconductor Corporation (SSC) of Lung-Tang. Both TSTC and SSC signed letters of intent enabling negotiations to proceed. Both agreements are expected to be finalized in April. Terms of the proposed acquisitions were not disclosed. The purchase price will be paid principally through the issuance of Amkor stock. The two companies, which have combined revenues of approximately $100 million (USD), produce many of the high-demand semiconductor package devices required for cell phones, lap and desktop computers, hand-held devices and other popular applications.