Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amkor Technology Inc (AMKR) -- Ignore unavailable to you. Want to Upgrade?

To: tech101 who wrote (659)	5/5/2000 1:48:00 PM
From: tech101	Respond to of 1056

Amkor May Make More Purchases in Next 2 Years, President Says Source: Bloomberg News West Chester, Pennsylvania, May 4 (Bloomberg) -- Amkor Technology Inc., which provides semiconductor packaging and test services, will consider several acquisitions this year and next to continue expanding its presence in Asia. The company wants to add operations in Taiwan and enter China, and it may examine other low-cost regions in Asia, President John Boruch said on a conference call with analysts. Amkor also wants to increase its test-engineering expertise, possibly by buying a small test company, he said. Amkor, whose top customer is Texas Instruments Inc., has benefited from surging demand for chips used in cellular phones, wireless gear and video applications such as Sony Corp.'s PlayStation game system. The company has factories in the Philippines and Arizona and earlier this week bought three South Korean plants from Anam Semiconductor Inc. ''We have a number of objectives to achieve through acquisitions going forward,'' Boruch said. ''You might see us accelerating some of those things now into 2000 and 2001.'' Amkor, based in West Chester, Pennsylvania, will also consider buying factories from its customers or forming joint- ventures with chipmakers, he said. cnetinvestor.com