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Strategic acquisition strengthens Amkor’s leading position in
Wafer-Level Packaging
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Enables manufacturing scale for the market’s “best-in-class”
Wafer-Level Fan-Out solution
TEMPE, Ariz. & VILA DO CONDE, Porto, Portugal--(BUSINESS WIRE)--Feb. 2, 2017--
Amkor Technology, Inc. (Nasdaq: AMKR) and NANIUM S.A. today announced
that they have entered into a definitive agreement for Amkor to acquire
NANIUM, a world class provider of wafer-level fan-out (WLFO)
semiconductor packaging solutions. Terms of the transaction were not
disclosed.
The acquisition of NANIUM will strengthen Amkor’s position in the fast
growing market of wafer-level packaging for smartphones, tablets and
other applications. NANIUM has developed a high-yielding, reliable WLFO
technology, and has successfully ramped that technology to high volume
production. NANIUM has shipped nearly one billion WLFO packages to date
utilizing a state-of-the-art 300mm Wafer-Level Packaging (WLP)
production line.
“This strategic acquisition will enhance Amkor’s position as one of the
leading providers of WLP and WLFO packaging solutions,” said Steve
Kelley, Amkor’s president and chief executive officer. “Building on
NANIUM’s proven technologies, we can expand the manufacturing scale and
broaden the customer base for this technology.”
“The Amkor transaction is a great fit for us and provides NANIUM and its
employees with a strong platform for future growth,” said Armando
Tavares, President of NANIUM’s Executive Board. “Amkor’s technology
leadership, substantial resources and global presence coupled with
NANIUM’s best-in-class WLFO packaging solutions will accelerate global
acceptance and growth of this technology worldwide.”
NANIUM is based in Porto, Portugal, employs approximately 550 people and
had annual sales of approximately $40 million for their fiscal year
ended September 30, 2016. The transaction is expected to close in the
first quarter of 2017, subject to customary closing conditions and
regulatory approvals.
About Amkor Technology
Amkor Technology, Inc. is one of the world’s largest providers of
outsourced semiconductor packaging and test services. Founded in 1968,
Amkor pioneered the outsourcing of IC packaging and test, and is now a
strategic manufacturing partner for more than 250 of the world’s leading
semiconductor companies, foundries and electronics OEMs. Amkor’s
operational base includes 10 million square feet of floor space with
production facilities, product development centers, and sales and
support offices located in key electronics manufacturing regions in
Asia, Europe and the U.S. For more information, visit www.amkor.com.
About NANIUM
NANIUM S.A. is a world-class provider of semiconductor assembly,
packaging, test, engineering and manufacturing services. The company
started as Siemens Semiconductors back in 1996 and nowadays is a leader
in 300mm Wafer-Level Packaging, both Fan-In/WLCSP and Fan-Out/WLFO.
NANIUM offers in-house capabilities for the entire development chain,
from design to multiple Wafer-Level Packaging technologies, and the
flexibility to tailor and test solutions that respond to the most
demanding customer requirements. The company is based near Porto,
Portugal, and has offices in Dresden, Germany and Boston, USA.
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements within the
meaning of federal securities laws. All statements other than statements
of historical fact are considered forward-looking statements including,
without limitation, statements regarding the closing of the transaction,
growth in the market for wafer-level packaging, the reliability of WLFO
technology, Amkor’s position in the WLP and WLFO market and ability to
build on NANIUM’s technologies and NANIUM’s future growth and the
acceptance and growth of its technology. These forward-looking
statements involve a number of risks, uncertainties, assumptions and
other factors that could affect future results and cause actual results
and events to differ materially from historical and expected results and
those expressed or implied in the forward-looking statements, including,
but not limited to, the following: the proposed transaction is subject
to the receipt of regulatory approvals and the satisfaction of other
conditions to closing and there can be no assurance that the transaction
will be completed in the expected timeframe or at all; and the ability
of Amkor to successfully integrate NANIUM’s operations. Other important
risk factors that could affect the outcome of the events set forth in
these statements and that could affect our operating results and
financial condition are discussed in the company's Annual Report on Form
10-K for the year ended December 31, 2015 and in the company's
subsequent filings with the Securities and Exchange Commission made
prior to or after the date hereof. Amkor undertakes no obligation to
review or update any forward-looking statements to reflect events or
circumstances occurring after the date of this press release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170202005309/en/
Source: Amkor Technology Inc.
Amkor Contact
Greg Johnson
Vice President, Finance and
Investor Relations
+1 480-786-7594
greg.johnson@amkor.com
or
NANIUM
Contact
Armando Tavares
President of Executive Board
+351
252 24 61 00
armando.tavares@nanium.com