Attached files
file | filename |
---|---|
8-K - FORM 8-K - AMKOR TECHNOLOGY, INC. | p18651e8vk.htm |
Exhibit 99.1
News Release |
Amkor Receives License Termination Notice from Tessera
CHANDLER, Ariz. February 18, 2011 Amkor Technology, Inc. (NASDAQ: AMKR) today announced
that it received a notice from Tessera, Inc. purporting to terminate Amkors Patent License
Agreement with them. This latest letter is just another part of Amkors ongoing dispute with
Tessera regarding the License Agreement and does not affect our business, said Ken Joyce, Amkors
president and chief executive officer.
As previously disclosed, Amkor filed a request for arbitration in the International Court of
Arbitration of the International Chamber of Commerce against Tessera in August 2009 seeking relief
confirming that it is a licensee in good standing, that the License Agreement remains in effect,
and seeking damages and injunctive relief against Tessera. Tessera has denied Amkors claims, and
alleges that Amkor has breached the License Agreement, seeks termination of the License Agreement
and asserts that Amkor owes Tessera additional royalties under the License Agreement as well as
other damages.
About Amkor
Amkor is a leading provider of semiconductor assembly and test services to semiconductor companies
and electronics OEMs. More information on Amkor is available from the companys SEC filings and on
Amkors website: www.amkor.com
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements within the meaning of federal securities
laws. All statements other than statements of historical fact are considered forward-looking
statements including, without limitation, statements regarding the ultimate outcome of this
dispute. These forward-looking statements involve a number of risks, uncertainties, assumptions
and other factors that could affect
future results and cause actual results and events to differ materially from historical and
expected results and those expressed or implied in the forward-looking statements. Important risk
factors that could affect the outcome of the events set forth in these statements and that could
affect our operating results and financial condition are discussed in the our Annual Report on Form
10-K for the year ended December 31, 2009 and in our subsequent filings with the Securities and
Exchange Commission made prior to or after the date hereof. Amkor undertakes no obligation to
review or update any forward-looking statements to reflect events or circumstances occurring after
the date of this press release.
Contacts
Amkor Technology, Inc., Chandler
Greg Johnson
Sr. Director, Corporate Communications
480-786-7594
greg.johnson@amkor.com
Greg Johnson
Sr. Director, Corporate Communications
480-786-7594
greg.johnson@amkor.com