Amkor to Open First Factory in China
Will Provide Semiconductor Assembly and Test Service for Cell Phone and PC Markets

CHANDLER, ARIZ., - Fresh on the heels of expanding its microelectronic manufacturing services into the Japanese semiconductor market, Amkor Technology, Inc., (Nasdaq ¨C AMKR) has fulfilled another key strategic goal and will open its first semiconductor assembly and test manufacturing facility in China. Amkor¡¯s new facility will provide packaged IC components for the Chinese cell phone, PC and laptop markets.

¡°Following the acquisition of the K1, 2 and 3 factories last year, we have been focused on capitalizing on key strategic opportunities,¡± said James Kim, Amkor¡¯s Chairman and Chief Executive Officer. ¡°Our landmark transaction with Toshiba opened up the market for captive assembly and test in Japan. Now, with this move into China, we recognize the increasing role China plays in the global electronics industry. We believe that having infrastructure in this rapidly growing market will help Amkor maintain our position as the world leader in contract microelectronics manufacturing.¡±

The China factory, which will deliver its first products in the third quarter of 2001, is located in the Waigaogiao Free Trade Zone, Pudong, Shanghai.

¡°Opening this facility allows Amkor to take its wide portfolio of products and services to China, a country that is becoming a major center for advanced microelectronics,¡± said Amkor President John Boruch. ¡°It also signals our commitment to diversify our operational base by expanding into the growth areas of the industry. This is a major step in our expansion strategy, which will see additional factories in China within a short period.

¡°We are opening this facility on a fast track basis to meet a customer¡¯s almost immediate requirement for our products and services. And, we anticipate the need to expand the facility to meet the market needs of other customers, several of which have already inquired about assembly and test availability,¡± Boruch said.

The 115,000-sq. ft. facility will initially produce components for base band processors and controllers, but will be expanded to include components for other telecom and computer products produced by Amkor customers that either have, or plan, regional operations in China. These IC packages include components for SRAM and flash memory, power controllers, RF power amplifiers and graphic chip sets, among others.

The Waigaogiao Free Trade Zone already houses several major semiconductor manufacturing companies, including IBM, Intel, Hewlett Packard, Philips, Texas Instruments, Cisco, Lucent and others.

¡°Locating in the Waigaogiao Free Trade Zone near a cluster of our top customers gives us a significant advantage in rapidly expanding our China business,¡± said Gary Breton, Amkor Senior Vice President for Operations in the region. ¡°This high tech park provides excellent assistance from local authorities for licensing, taxation and customs issues.¡±

Amkor will install equipment from its manufacturing facilities in Korea and the Philippines into a newly built shell facility to reach early production goals. The company initially will use experienced engineers and technicians from its existing facilities to ensure a rapid startup and to train locally hired staff for continuing operations.

About Amkor Technology: Amkor Technology, Inc. is the world¡¯s largest provider of contract microelectronics manufacturing services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services, including deep sub-micron wafer fabrication; wafer probe, wafer mapping, characterization and reliability testing; IC packaging design and assembly; multi-chip module design and assembly; and final testing. More information on Amkor is available from the company¡¯s SEC filings and on Amkor¡¯s web site: www.amkor.com.

Forward-Looking Statements: This news release contains forward-looking statements ¨C including (1) the China factory will deliver its first products in the third quarter of 2001; (2) Amkor will see additional factories in China within a short period; and (3) we anticipate the need to expand the facility to meet the market needs of other customers, several of which have already inquired about assembly and test availability; - that involve risk and uncertainty that could cause actual results to differ from anticipated results. Information on risk factors that could affect the outcome of events set forth in these statements and that would affect the company¡¯s operating results and financial condition is detailed in the company¡¯s filings with the Securities and Exchange Commission, including the Report on Form 10-K for the fiscal year ended December 31, 1999.

Contact: Annie Ho
Always Communications
852-2855-7819
AnnieH@agrapha-group.com

Jeffrey Luth (VP Investor Relations)
Amkor Technology
1-(610) 431-9600 ext. 5613
jluth@amkor.com

Ken Jensen (Director Communications)
Amkor Technology
1-(480) 821-2408 ext. 5130
kjens@amkor.com