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Amkor Technology Announces CEO Ken Joyce to Retire Next Year



  Amkor Technology Announces CEO Ken Joyce to Retire Next Year

Business Wire

CHANDLER, Ariz. -- November 07, 2012

Amkor Technology, Inc. (NASDAQ:AMKR) today announced that Ken Joyce intends to
retire as President and Chief Executive Officer and Director of the Company by
the end of 2013, following more than 15 years of service to the Company. The
Company’s Board of Directors has created a search committee to identify Mr.
Joyce’s replacement. An executive recruiting firm has been retained to conduct
an outside search and also to assist with the assessment of internal
candidates.

“On behalf of the Board of Directors and the entire Company, I would like to
thank Ken for his outstanding leadership and his dedicated service to Amkor,”
said James J. Kim, Executive Chairman of the Board of the Company. “From
smartphones and tablets to consumer electronics to networking, Amkor has
successfully penetrated the right markets and the right customers under Ken’s
leadership.”

“It has been a great privilege to lead this organization, filled with talented
and dedicated people,” commented Mr. Joyce. “I am proud of what we have
accomplished together during my tenure and I am confident that Amkor will
achieve continued success for years to come. I look forward to working with
the Board on the transition to new leadership.”

Mr. Joyce, 65, was appointed to the position of Chief Executive Officer and
named to the Board of Directors in October 2009. Previously, Mr. Joyce served
as President and Chief Operating Officer from May 2008, as Executive Vice
President and Chief Operating Officer from February 2008 and as Executive Vice
President and Chief Administrative Officer from November 2007. Mr. Joyce
joined the Company as Vice President and Operations Controller in 1997 and
served as Executive Vice President and Chief Financial Officer from July 1999
to November 2007.

About Amkor

Amkor is a leading provider of semiconductor packaging and test services to
semiconductor companies and electronics OEMs. More information about Amkor is
available from the company’s filings with the Securities and Exchange
Commission and on Amkor’s website: www.amkor.com.

Forward-Looking Statement Disclaimer

This announcement 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 timing of Mr. Joyce’s retirement. 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 are discussed in our Annual Report on Form 10-K for the
year ended December 31, 2011, 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
announcement.

Contact:

Amkor Technology, Inc.
Joanne Solomon
Executive Vice President and Chief Financial Officer
480-786-7878
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