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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
January 20, 1999
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Date of Report (Date of earliest event reported)
AMKOR TECHNOLOGY, INC.
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(Exact name of Registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
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<S> <C>
0-29472 23-1722724
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(Commission File No.) (IRS Employer Identification Number)
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1345 Enterprise Drive
West Chester, PA 19380
(610) 431-9600
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(Address of Principal Executive Offices)
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On January 20, 1999, Amkor Technology, Inc. (the "Company") issued a press
release announcing the execution of an agreement to acquire certain assets from
Anam Semiconductor, Inc.
A copy of the press release is filed herewith as Exhibit 99.1.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMKOR TECHNOLOGY, INC.
By: /s/ Frank J. Marcucci
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Frank J. Marcucci
Chief Finincial Officer
Dated: January 20, 1999
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
EXHIBITS
TO
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
----------------------
AMKOR TECHNOLOGY, INC.
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INDEX TO EXHIBITS
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SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER DESCRIPTION PAGE
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<S> <C> <C>
99.1 Press release dated January 20, 1999
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<PAGE> 1
Exhibit 99.1
CONTACT: Frank Marcucci Deborah Stapleton/Kristine Mozes
Amkor Technology Inc. Stapleton Communications Inc.
(610) 431-9600 (650) 470-4225
Amkor Technology, Inc. Signs Agreement to Acquire
Anam Semiconductor's Packaging and Test Facility
Acquisition Subject to Board Approval, Other Conditions
WEST CHESTER, Pa.--January 20, 1999--Amkor Technology, Inc. (Nasdaq: AMKR)
today announced that it has signed an agreement with Anam Semiconductor to
acquire Anam's K4 semiconductor packaging and test facility located in Kwangju,
Korea for up to $600 million in cash, plus the assumption of up to $7 million in
liabilities.
The closing of this acquisition is dependent upon a number of conditions,
including the approval of Amkor's board of directors following satisfactory
completion of due diligence by Amkor, arranging financing of up to $600
million on terms satisfactory to Amkor, receipt by Amkor of a satisfactory
fairness opinion, approval of a financial workout plan by Anam's large bank
creditors and receipt by Amkor of certain tax exemptions in Korea in connection
with the future operations of K4. The transaction will also require the approval
of Anam shareholders.
The K4, Kwangju-based facility is the largest and newest of ASI's four
semiconductor packaging and test operations in Korea. K4 is a state-of-the-art
semiconductor packaging and test facility with over one million square feet of
manufacturing and support space and encompasses more than 100 acres of land,
which provides for future expansion opportunities. Currently, it is producing
advanced semiconductor packages including PBGA, MicroBGA, SuperBGA and TSOP.
Amkor Technology, Inc. is the world's largest independent provider of
semiconductor packaging and test services. The company offers a complete set of
services including deep submicron wafer fabrication, wafer probe testing, IC
packaging assembly and design, final testing, burn-in, characterization and
reliability testing. More information on Amkor Technology, Inc. is available
from the company's SEC filings and on Amkor's web site, http.//www.amkor.com.
Amkor Technology, Inc. is traded on the Nasdaq National Market under the symbol
AMKR.
The statements in this news release may contain forward-looking statements
that involve risks and uncertainties that could cause actual results to differ
from anticipated results. Further information on risk factors that could affect
the company's results is detailed in the company's filings with the Securities
and Exchange Commission, including the Report on Form 10-Q for the quarter ended
September 30, 1998.
