Phoenix Semiconductor companies

February 6, 2017
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Provided by Amkor Technology Inc.

Amkor made the announcement today while reporting an earnings loss and decrease in revenue for the fourth quarter and 2015.

Amkor Technology CEO Steve Kelley

Since then, J-Devices has seen considerable growth through acquisitions of other large semiconductor companies in Japan.

J-Devices is now the largest outsourced semiconductor assembly and test provider in Japan and the sixth largest in the world.

Amkor President and CEO Steve Kelley said the full ownership of J-Devices was always part of the company’s long-term strategic plan to strengthen relationships with the key semiconductor companies in Japan and enhance its position in the fast-growing automotive market. The company completed its acquisition Dec. 30.

“As a result, Amkor is now the world’s largest OSAT provider for automotive ICs, with around $750 million in combined automotive application revenue, ” Kelley said. “We believe that consolidating J-Devices with Amkor will facilitate the acceleration of synergies and cost savings across the organization.”

Amkor increased its ownership from 66 percent, and invested $202 million since 2009 to fully acquire J-Devices. The investment generated $84 million of equity in earnings for Amkor through Dec. 31.

Source: www.bizjournals.com
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