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Amkor puts up $350M packaging facility

Posted: 24 May 2012 ?? ?Print Version ?Bookmark and Share

Keywords:test services? semiconductor packaging? design center?

Amkor Technology has signed a memorandum of understanding to set up a factory and R&D center in the Incheon Free Economic Zone near Seoul, South Korea. The facility will focus on design, development and production of semiconductor packaging and test services.

The company expects to spend about $350 million over the next three to four years to acquire and develop 186,000m2 of land and buildings. The company said it plans to spend about $30 million of that in 4Q 12 and another $70 million in 2013, with total investment reaching up to $1 billion over the next 10 years.

Construction is expected to commence in 2014, and the facility will be operational by late 2015 or 2016, Amkor said.

- Dylan McGrath
??EE Times

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