Date: 16/11/2010

Amkor's acquisition talks related Toshiba's semiconductor ops in Malaysia postponed

Citing the reason of recent Thailand flooding, Toshiba Corporation and Amkor Technology have jointly agreed to postpone discussions regarding the previously announced proposed acquisition by Amkor of Toshiba's semiconductor assembly operation in Malaysia.

"We express our sympathies to the victims of the flooding in Thailand, as well as to Toshiba and all of their employees who have been affected by this tragedy," said Ken Joyce, Amkor's president and chief executive officer. "We are working closely with Toshiba to support them during this challenging time and we certainly understand and respect their decision to postpone our negotiations at this time while they focus on the more immediate business needs created by the flood."