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Toshiba, Amkor Delay Deal Talks

TOKYO & CHANDLER, Ariz. — Toshiba Corporation (TOKYO:6502) and Amkor Technology, Inc. (Nasdaq:AMKR) today announced that, in light of severe flooding in Thailand affecting the operations of a subsidiary of Toshiba, Toshiba Electronics Malaysia Sdn. Bhd., Toshiba and Amkor have jointly agreed to postpone discussions regarding the previously announced proposed acquisition by Amkor of Toshiba’s semiconductor assembly operations in Malaysia.

“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.”

{complink 5648|Toshiba Corp.}
{complink 299|Amkor Technology Inc.}

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