Friday, November 18, 2011

Toshiba and Amkor Jointly Postpone Acquisition of Toshiba's Malaysian Semiconductor Assembly and Test Operations

Toshiba Corporation and Amkor Technology, Inc. have recently announced that they jointly agreed to postpone discussions for acquisition of Toshiba’s Malaysian Semiconductor Assembly and Test Operations due to severe flooding in Thailand. The flooding has affected the operations of a subsidiary of Toshiba, Toshiba Electronics Malaysia Sdn. Bhd.

"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."


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