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Amkor to set up global R&D center in Seoul

25 May 2012

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Amkor Technology Inc. has unveiled its plan to build a factory and global R&D center in the Incheon Free Economic Zone located in the greater metropolitan area of Seoul, Korea.�According to the company, the facility will focus on the design, development and full scale production of semiconductor packaging and test services for the world's semiconductor and electronic manufacturing companies.

"We are making a strategic, long term investment in our core manufacturing and research infrastructure.�It is a commitment to the future," stated Ken Joyce, Amkor's president CEO.�"Korea is a worldwide center of excellence for the semiconductor and electronics industries, and with our new site we will be able to attract top engineering talent and a highly skilled workforce. This investment will strengthen our competitive position as an industry leader providing advanced interconnect technologies, and help ensure our future growth."

"Construction is expected to commence in 2014 and the facility is expected to become operational by late 2015 or 2016.�We expect to equip our new manufacturing and R&D facilities using our normal capital additions budget," added Joyce.

"Our total investment for this project may reach $1 billion over the next 10 years, although spending for a project like this will be spread over many years and can be controlled as needed as economic and market conditions and the cash needs for our business evolve," noted Joyce.

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