Amkor completes acquisition of Toshiba assembly and test joint venture

(January 6, 2004) Chandler, Ariz.&#8212Amkor Technology Inc. recently completed the acquisition of its semiconductor assembly and test joint venture with Toshiba by purchasing Toshiba’s 40 percent interest in Amkor Iwate Co. Ltd. for around $14 million. The buyout is being executed according to the schedule agreed by Amkor and Toshiba when the original deal was signed three years ago. The $14 million includes a payment of $2 million to terminate a commitment to purchase a tract of land adjacent to the Amkor Iwate facility.

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