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To: tech101 who wrote (121)	3/16/1999 1:35:00 AM
From: tech101	Respond to of 1056

Hyundai selling 90% of ChipPAC unit to U.S. investors for $550 million A service of Semiconductor Business News, CMP Media Inc. Story posted 3 p.m. EST/noon PST, 3/15/99 ICHON, Korea--Hyundai Electronics Industries Co. Ltd. here announced it has agreed to sell 90% interest in its contract semiconductor assembly and testing subsidiary, called ChipPAC Inc., to a group of U.S. investors led by the operation's management. Hyundai said it will receive a combination of cash, stock and debt cancellation with a value of $550 million. Hyundai will also remain a shareholder in ChipPAC. ChipPAC was launched in October 1997 by Hyundai to pursue contract chip packaging and testing services, which has been growing worldwide as semiconductor manufacturers outsource more of their production to third-party companies. Based in Santa Clara, Calif., ChipPAC has been positioned to compete with Amkor Technology Inc., the world's largest chip assembly and testing house which was spun off Korea's Anam Group last year as a publicly trade U.S. company. "By means of this transaction, both Hyundai and ChipPAC will be able to serve their individual markets more fully," said Y.H. Kim, president of Hyundai Electronics, which is attempting to conclude a planned merger with LG Semicon Co. Ltd. of Korea. The ChipPAC transaction is "a further demonstration of [Hyundai's] ability to attract foreign capital to Korea," Kim said. Assisting ChipPAC's management in the transaction is Bain Capital Inc. and SXI Group LLC, which is a Citicorp Venture Capital Ltd. portfolio investment vehicle. "Launching ChipPAC as an independent company represents an exciting opportunity for our customers and employees," said Dennis McKenna, president and CEO of the subsidiary. He said the transaction will enable the operation to focus more resources on serving its customers. ChipPAC said it now has 3,500 employees worldwide, with sales offices in the United States, Japan, Korea, Singapore, and The Netherlands. ChipPAC's packaging and testing facilities are located in Ichon and Shanghai, China. Currently the operation offers a range of chip assembly technologies, from 8-pin to 2,000-pin packages in wire-bond, ball-grid array, chip-scale packaging, and flip-chip interconnect formats. 204.247.196.14

To: tech101 who wrote (121)	3/16/1999 1:41:00 AM
From: tech101	Read Replies (1) \| Respond to of 1056

Worldwide Chip sales Are the Second Highest for January in Nearly a Decade January chip sales up 1.2% from a year ago, but down 1.9% from December A service of Semiconductor Business News, CMP Media Inc. Story posted 12:30 p.m. EST/9:30 a.m. PST, 3/15/99 SAN JOSE --The worldwide semiconductor market continued to show signs of steady recovery in January with chip sales rising 1.2% to $11.10 billion compared to $10.97 billion in the same month last year, according to the Semiconductor Industry Association here today. Sales growth was the strongest in the Asia-Pacific region, but chip demand fell by 2.7% in the Americas, based on SIA's three-month moving average. The SIA global sales report shows worldwide chip sales at their second highest total for January in nearly a decade. The trade group said January was the first month in nearly a year that sales were higher than they were a year ago. Compared to December, total chip sales 1.9% in January, said the SIA. "The Asia Pacific market continues to show signs of recovery," said George Scalise, SIA president. "Economic reforms brought on by the financial crisis are taking effect. January's sales reflect a continuation of the strength in semiconductor sales that began to emerge in the fourth quarter of 1998." Semiconductor sales grew in Asia Pacific 9.1% to $2.632 billion in January vs. $2.413 billion in the same month a year ago. Europe's semiconductor revenues was up 2.8% to $2.513 billion compared to $2.584 billion in January 1997, said the monthly sales report. In the Americas, semiconductor sales fell 2.7% to $3.588 billion compared to $3.688 billion in January 1997. Japan's chip sales was 2.5% lower in January at $2.294 vs. $2.352 billion a year ago, based on the three-month moving average. 204.247.196.31