Amkor to acquire Citizen's semiconductor assembly business

Amkor Technology Inc. has signed a definitive agreement to acquire the semiconductor assembly business of Japan-based Citizen Watch Co. Ltd. The acquisition is expected to be completed this week.

As part of the agreement, Amkor will acquire Citizen's assembly operations together with the company's IC packaging-related IPs. Citizen's assembly business operates as a third-party subcontractor, providing advanced IC packaging for semiconductor companies.

John Boruch, Amkor's president and CEO, comments, "The transaction enhances our existing capabilities in Japan with high-end laminate package technology and an established third-party customer base for advanced package applications. It also gives Amkor additional technology and management resources to expand our applications development and design services. In addition, the agreement provides Amkor with key patent rights to BGA packaging."