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<CONFORMED-NAME>AMKOR TECHNOLOGY INC
<CIK>0001047127
<ASSIGNED-SIC>3674
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<STATE-OF-INCORPORATION>DE
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<BUSINESS-ADDRESS>
<STREET1>1345 ENTERPRISE DR
<CITY>WEST CHESTER
<STATE>PA
<ZIP>19380
<PHONE>6104319600
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<DESCRIPTION>FORM 8-K DATED MARCH 8, 2004
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>


<P align="center" style="font-size: 10pt"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934</B>



<P align="center" style="font-size: 10pt">March&nbsp;8, 2004<BR>
<B>DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)</B>


<P align="center" style="font-size: 24pt"><B>AMKOR TECHNOLOGY, INC.</B>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
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    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">000-29472
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">23-1722724</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">(State of other jurisdiction of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission Identification Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer Identification Number)</TD>
</TR>


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 </TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><B>1345 ENTERPRISE DRIVE<BR>
WEST CHESTER, PA 19380</B><BR>
(Address of principal executive offices and zip code)


<P align="center" style="font-size: 10pt"><B>(610)&nbsp;431-9600</B><BR>
(Registrant&#146;s telephone number, including area code)


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<TR><TD></TD><TD colspan="8"><A HREF="#000">ITEM 5. OTHER EVENTS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="w95191exv99w1.htm">PRESS RELEASE DATED MARCH 8, 2004</A></TD></TR>
<TR><TD colspan="9"><A HREF="w95191exv99w2.htm">PRESS RELEASE DATED MARCH 9, 2004</A></TD></TR>
<TR><TD colspan="9"><A HREF="w95191exv99w3.htm">PRESS RELEASE DATED MARCH 12, 2004</A></TD></TR>
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<P align="left" style="font-size: 10pt"><B>ITEM 5. OTHER EVENTS</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March&nbsp;8, 2004, Amkor announced its intent to sell $250&nbsp;million principal
amount of senior notes due 2011 (&#147;the Notes&#148;). The notes will mature on March
15, 2011 and have a coupon rate of 7.125% annually. Amkor intends to use the
net proceeds of the issuance to repay amounts outstanding under its senior
secured credit facility and for general corporate purposes, including capital
expenditures. The Notes are being sold to qualified institutional buyers in
reliance on Rule&nbsp;144A and outside the United States in compliance with
Regulation&nbsp;S under the Securities Act of 1933. The Notes have not been
registered under the Securities Act of 1933, as amended, and may not be offered
or sold in the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act
and applicable state securities laws.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with the offering of the Notes, Amkor issued three press
releases dated March&nbsp;8, 2004, March&nbsp;9, 2004 and
March&nbsp;12, 2004. Copies of these press releases
are attached as Exhibits 99.1, 99.2 and 99.3.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amkor issued the following risk factors in its offering memorandum related
to the offering of the Notes:


<P align="center" style="font-size: 10pt"><B>RISK FACTORS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>You should carefully consider the risks described below and other
information contained in this offering memorandum before making an investment
decision. The risks and uncertainties described below are not the only ones
facing our company. Additional risks and uncertainties not presently known to
us, or that we currently deem immaterial, may also impair our business
operations. We cannot assure you that any of the events discussed in the risk
factors below will not occur. If they do, our business, financial condition or
results of operations could be materially adversely affected. In such case,
the trading price of the Notes could decline, and you might lose all or part of
your investment.</I>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>This offering memorandum contains forward-looking statements made as of
the date of this offering memorandum regarding our expected performance that
involve risks and uncertainties. Our actual results could differ materially
from those anticipated in these forward-looking statements as a result of
certain factors, including the risks faced by us described below and elsewhere
in this offering memorandum.</I>


<P align="left" style="font-size: 10pt"><B>Risks Relating to an Investment in Our Company</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Dependence on the Highly Cyclical Semiconductor and Electronic Products
Industries &#151; We Operate in Volatile Industries, and Industry Downturns Harm
Our Performance.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our business is tied to market conditions in the semiconductor industry,
which is highly cyclical. Because our business is, and will continue to be,
dependent on the requirements of semiconductor companies for subcontracted
packaging and test services, any downturn in the semiconductor industry or any
other industry that uses a significant number of semiconductor devices, such as
the personal computer and telecommunication devices industries, could have a
material adverse effect on our business. We experienced significant recovery
in most of our packaging services during 2002 and 2003. Visibility has improved
in light of customer forecasts and positive trends are forming. Beginning in
the second half of 2003, a large number of customers over-supported their
forecasts as demand materialized faster than initially projected. However,
there still remains some uncertainty as to the sustainability of these trends.
If industry conditions do not continue to improve, we could sustain significant
losses which could materially impact our business including our liquidity.


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Fluctuations in Operating Results &#151; Our Results Have Varied and May Vary
Significantly as a Result of Factors That We Cannot Control.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Many factors could materially and adversely affect our revenues, gross
profit and operating income, or lead to significant variability of quarterly or
annual operating results. Our profitability is dependent upon the utilization
of our capacity, semiconductor package mix, the average selling price of our
services and our ability to control our costs including labor, material,
overhead and financing costs. Our operating results have varied significantly
from period to period. During the three year period ended December&nbsp;31, 2003,
our revenues, gross margins and operating income have fluctuated significantly
as a result of the following factors over which we have little or no control
and which we expect to continue to impact our business:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fluctuation in demand for semiconductors and the overall health of the semiconductor industry;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>changes in our capacity utilization;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>declines in average selling prices;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>changes in the mix of semiconductor packages;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>absence of backlog and the short-term nature of our customers&#146; commitments and the impact of these factors on the timing and volume of orders relative to our production capacity;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>changes in costs, availability and delivery times of raw materials and components;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>changes in labor costs to perform our services;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the timing of expenditures in anticipation of future orders;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>changes in effective tax rates;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>high leverage and restrictive covenants;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>international events that impact our operations and environmental events such as earthquakes; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>difficulties integrating acquisitions and our ability to attract qualified employees to support our geographic expansion.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have historically been unable to accurately predict the impact of these
factors upon our results for a particular period. These factors, as well the
factors set forth below which have not significantly impacted our recent
historical results, may impair our future business operations and may
materially and adversely affect our revenues, gross profit and operating
income, or lead to significant variability of quarterly or annual operating
results:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the availability and cost of financing for expansion;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>loss of key personnel or the shortage of available skilled workers;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>rescheduling and cancellation of large orders;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>warranty and product liability claims;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>intellectual property transactions and disputes; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fluctuations in our manufacturing yields.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Declining Average Selling Prices &#151; The Semiconductor Industry Places Downward
Pressure on the Prices of Our Products.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prices for packaging and test services have declined over time.
Historically, we have been able to partially offset the effect of price
declines by successfully developing and marketing new packages with higher
prices, such as advanced leadframe and laminate packages, by negotiating lower
prices with our material vendors, and by driving engineering and technological
changes in our packaging and test processes which resulted in reduced
manufacturing costs. During 2003 and 2002, as compared to the comparable prior
year periods, the decline in average selling prices eroded margins by 6% and
16%, respectively. We expect that average selling prices for our packaging and
test services will continue to decline in the future. If our semiconductor
package mix does not shift to new technologies with higher prices or we cannot
reduce the cost of our packaging and test services to offset a decline in
average selling prices, our future operating results will suffer.


<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Investment in ASI &#151; Our Results and Financial Condition May Be Adversely
Affected by Decreases in the Price of ASI&#146;s Common Stock.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At December&nbsp;31, 2003, we owned 14.7&nbsp;million shares, or 12%, of ASI&#146;s
voting stock. We currently account for our investment in ASI as a marketable
security that is available for sale. We intend to sell our remaining investment
in ASI. The ultimate level of proceeds from the sale of our remaining
investment in ASI could be less than the current carrying value of $50.4
million. In addition, in the event of a decline in the market value of the ASI
stock that is not temporary, we will be required to record a charge to earnings
for the unrealized loss, and a new cost basis for the stock will be
established.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with our sale of ASI shares to Dongbu in September&nbsp;2002,
Amkor and Dongbu agreed to use their best efforts to provide releases and
indemnifications to the past and incumbent chairman, directors and officers of
ASI, including James Kim, our CEO and chairman, and members of his family, from
any and all liabilities arising out of the performance of their duties at ASI
between January&nbsp;1, 1995 and December&nbsp;31, 2001. We are not aware of any claims
or other liabilities which these individuals would be released from or for
which they would receive indemnification.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Absence of Backlog &#151; We May Not Be Able to Adjust Costs Quickly If Our
Customers&#146; Demand Falls Suddenly.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our packaging and test business does not typically operate with any
material backlog. We expect that in the future our quarterly net revenues from
packaging and test will continue to be substantially dependent upon our
customers&#146; demand in that quarter. None of our customers have committed to
purchase any significant amount of packaging or test services or to provide us
with binding forecasts of demand for packaging and test services for any future
period. In addition, our customers could reduce, cancel or delay their
purchases of packaging and test services. Because a large portion of our costs
is fixed and our expense levels are based in part on our expectations of future
revenues, we may be unable to adjust costs in a timely manner to compensate for
any revenue shortfall.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Risks Associated With International Operations &#151; We Depend on Our Factories
in the Philippines, Korea, Japan, Taiwan and China. Many of Our Customers&#146; and
Vendors&#146; Operations Are Also Located Outside of the U.S.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We provide packaging and test services through our factories located in the
Philippines, Korea, Japan, Taiwan and China. Moreover, many of our customers&#146;
and vendors&#146; operations are located outside the U.S. The following are some of
the risks inherent in doing business internationally:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>regulatory limitations imposed by foreign governments;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fluctuations in currency exchange rates;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>political, military and terrorist risks;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>disruptions or delays in shipments caused by customs brokers or government agencies;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>unexpected changes in regulatory requirements, tariffs, customs, duties and other trade barriers;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>difficulties in staffing and managing foreign operations; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>potentially adverse tax consequences resulting from changes in tax laws.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Difficulties Integrating Acquisitions &#151; We Face Challenges as We Integrate
New and Diverse Operations and Try to Attract Qualified Employees to Support
Our Expansion.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a result of our geographic expansion and our business strategy to
pursue strategic acquisitions, we have experienced, and expect to continue to
experience, growth in the scope and complexity of our operations. For example,
each business we have acquired had, at the time of acquisition, multiple
systems for managing its own manufacturing, sales, inventory and other
operations. Migrating these businesses to our systems typically is a slow,
expensive process requiring us to divert significant amounts of resources from
multiple aspects of our operations. This growth has strained our managerial,
financial, manufacturing and other resources. Future acquisitions and
expansions may result in


<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="font-size: 10pt">inefficiencies as we integrate new operations and manage geographically
diverse operations. Our success depends to a significant extent upon the
continued service of our key senior management and technical personnel, any of
whom would be difficult to replace. Competition for qualified employees is
intense, and our business could be adversely affected by the loss of the
services of any of our existing key personnel. Additionally, as part of our
ongoing strategic planning, we evaluate our management team and engage in
long-term succession planning in order to ensure orderly replacement of key
personnel. We cannot assure you that we will be successful in these efforts or
in hiring and properly training sufficient numbers of qualified personnel and
in effectively managing our growth. Our inability to attract, retain, motivate
and train qualified new personnel could have a material adverse effect on our
business.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Dependence on Materials and Equipment Suppliers &#151; Our Business May Suffer If
The Cost, Quality or Supply of Materials or Equipment Changes Adversely.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We obtain from various vendors the materials and equipment required for
the packaging and test services performed by our factories. We source most of
our materials, including critical materials such as leadframes, laminate
substrates and gold wire, from a limited group of suppliers. Furthermore, we
purchase all of our materials on a purchase order basis and have no long-term
contracts with any of our suppliers. Our business may be harmed if we cannot
obtain materials and other supplies from our vendors: (1)&nbsp;in a timely manner,
(2)&nbsp;in sufficient quantities, (3)&nbsp;in acceptable quality or (4)&nbsp;at competitive
prices.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beginning in the second quarter of 2003, we began to experience increases
in substrate material costs as a result of supply shortages. Substrate material
costs have stabilized at the higher price levels set during the second quarter
of 2003. We have significantly enhanced our supply base and do not foresee
substrate material availability as an ongoing issue. However, supply shortages
may again occur in the future and in such an event, gross margins could be
negatively impacted.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the average price of gold has been increasing over the past
few years. Although we have been able to partially offset the effect of gold
price increases through price adjustments to customers and changes in our
product designs, gold prices may continue to increase. To the extent that we
are unable to offset these increases in the future, our gross margins could be
negatively impacted.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Capital Expenditures &#151; We Are Required To Make Substantial Capital
Expenditures, Which May Adversely Affect Our Business.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As customer demand increases, our business requires us to increase our
capital expenditures in order to meet increased production requirements. We
expect growth in our business in 2004 based on industry estimates for the
semiconductor industry as a whole, and our expectation that the trend towards
increased outsourcing of packaging and test services in the semiconductor
industry will continue. On January&nbsp;28, 2004, we announced that we had budgeted
first quarter capital expenditures of $200&nbsp;million and expect to spend between
$300&nbsp;million and $500&nbsp;million on capital expenditures in 2004, which may
include business combinations to diversify our geographic operations and expand
our customer base. Our capital expenditure requirements may strain our cash and
short-term asset balances, and we expect that the depreciation expenses and, to
a lesser extent, factory operating expenses associated with our capital
expenditures to increase production capacity, will put downward pressure on our
near-term gross margin. In addition, there can be no assurance that we will be
able to recognize these expenditures with future revenue.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Increased Litigation Incident to Our Business &#151; Our Business May Suffer as a
Result of Our Involvement in Various Lawsuits.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are currently a party to various legal proceedings, including those
described in Part&nbsp;I, Item&nbsp;3 of our Annual Report on Form 10-K for the year
ended December&nbsp;31, 2003, which is incorporated herein by reference. As more
fully described therein, recently we have become party to an increased number
of litigation matters relative to our historic


<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="font-size: 10pt">levels. Much of our recent increase in litigation relates to an allegedly
defective epoxy compound, formerly used in some of our products, which is
alleged to be responsible for certain semiconductor chip failures. While we
intend to file cross-claims against Sumitomo Bakelite Co., Ltd., the
manufacturer of the allegedly defective epoxy mold compound, should the epoxy
mold compound be found to be defective, we cannot be certain that we will be
able to recover any amount from Sumitomo Bakelite Co., Ltd. if we are held
liable in these matters, or that any adverse result would not have a material
impact upon us. Moreover, other customers of ours have made inquiries about the
epoxy mold compound, which was widely used in the semiconductor industry, and
no assurance can be given that claims similar to these will not be made against
us by other customers in the future. While we currently believe that the
ultimate outcome of these proceedings, individually and in the aggregate, will
not have a material adverse effect on our financial position or overall trends
in results of operations, litigation is subject to inherent uncertainties. If
an unfavorable ruling were to occur, there exists the possibility of a material
adverse impact on our net income in the period in which the ruling occurs. The
estimate of the potential impact from these legal proceedings on our financial
position or overall results of operations could change in the future.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Rapid Technological Change &#151; Our Business Will Suffer If We Cannot Keep Up
With Technological Advances in Our Industry.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The complexity and breadth of semiconductor packaging and test services
are rapidly changing. As a result, we expect that we will need to offer more
advanced package designs in order to respond to competitive industry conditions
and customer requirements. Our success depends upon our ability to develop and
implement new manufacturing processes and package design technologies. The need
to develop and maintain advanced packaging capabilities and equipment could
require significant research and development and capital expenditures in future
years. In addition, converting to new package designs or process methodologies
could result in delays in producing new package types that could adversely
affect our ability to meet customer orders.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Technological advances also typically lead to rapid and significant price
erosion and may make our existing products less competitive or our existing
inventories obsolete. If we cannot achieve advances in package design or obtain
access to advanced package designs developed by others, our business could
suffer.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Competition &#151; We Compete Against Established Competitors in the Packaging
and Test Business.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The subcontracted semiconductor packaging and test market is very
competitive. We face substantial competition from established packaging and
test service providers primarily located in Asia, including companies with
significant manufacturing capacity, financial resources, research and
development operations, marketing and other capabilities. These companies also
have established relationships with many large semiconductor companies that are
current or potential customers. On a larger scale, we also compete with the
internal semiconductor packaging and test capabilities of many of our
customers.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Environmental Regulations &#151; Future Environmental Regulations Could Place
Additional Burdens on Our Manufacturing Operations.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The semiconductor packaging process uses chemicals and gases and generates
byproducts that are subject to extensive governmental regulations. For example,
at our foreign manufacturing facilities, we produce liquid waste when silicon
wafers are diced into chips with the aid of diamond saws, then cooled with
running water. Federal, state and local regulations in the United States, as
well as international environmental regulations, impose various controls on the
storage, handling, discharge and disposal of chemicals used in our
manufacturing processes and on the factories we occupy.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increasingly, public attention has focused on the environmental impact of
semiconductor manufacturing operations and the risk to neighbors of chemical
releases from such operations. In the future, applicable land use and


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<P align="left" style="font-size: 10pt">environmental regulations may: (1)&nbsp;impose upon us the need for additional
capital equipment or other process requirements, (2)&nbsp;restrict our ability to
expand our operations, (3)&nbsp;subject us to liability or (4)&nbsp;cause us to curtail
our operations.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Protection of Intellectual Property &#151; We May Become Involved in
Intellectual Property Litigation.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We maintain an active program to protect our investment in technology by
acquiring intellectual property protection and enforcing our intellectual
property rights. Intellectual property rights that apply to our various
products and services include patents, copyrights, trade secrets and
trademarks. We have filed and obtained a number of patents in the United States
and abroad. We expect to continue to file patent applications when appropriate
to protect our proprietary technologies, but we cannot assure you that we will
receive patents from pending or future applications. In addition, any patents
we obtain may be challenged, invalidated or circumvented and may not provide
meaningful protection or other commercial advantage to us.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may need to enforce our patents or other intellectual property rights
or defend ourselves against claimed infringement of the rights of others
through litigation, which could result in substantial cost and diversion of our
resources. The semiconductor industry is characterized by frequent claims
regarding patent and other intellectual property rights. If any third party
makes an enforceable infringement claim against us, we could be required to:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>discontinue the use of certain processes;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>cease the manufacture, use, import and sale of infringing products;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>pay substantial damages;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>develop non-infringing technologies; or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>acquire licenses to the technology we had allegedly infringed.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If we fail to obtain necessary licenses or if we are subjected to
litigation relating to patent infringement or other intellectual property
matters, our business could suffer.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Continued Control By Existing Stockholders &#151; Mr.&nbsp;James Kim and Members of His
Family Can Substantially Control The Outcome of All Matters Requiring
Stockholder Approval.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of December&nbsp;31, 2003, Mr.&nbsp;James Kim and members of his family
beneficially owned approximately 41.9% of our outstanding common stock. Mr.
James Kim&#146;s family, acting together, will substantially control all matters
submitted for approval by our stockholders. These matters could include:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the election of all of the members of our board of directors;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>proxy contests;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>mergers involving our company;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>tender offers; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>open market purchase programs or other purchases of our common stock.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>Risks Related to an Investment in the Notes</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>High Leverage and Restrictive Covenants &#151; Our Substantial Indebtedness Could
Adversely Affect Our Financial Condition and Prevent Us from Fulfilling Our
Obligations under the Notes.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Substantial Leverage. </I>We now have, and after this offering will continue
to have, a significant amount of indebtedness. In addition, despite current
debt levels, the terms of the indentures governing the Notes and our other
securities do not prohibit us or our subsidiaries from incurring substantially
more debt. If new debt is added to our consolidated debt level, the related
risks that we now face could intensify. The following table shows certain
important


<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="font-size: 10pt">financial data and credit ratio (assuming we had completed this offering
and applied the net proceeds to repay the term loan and the revolving loans
under our senior secured credit facility outstanding as of the issue date of
the Notes, as if each had occurred as of December&nbsp;31, 2003):

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="65%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="78%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>At December 31, 2003</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>As Adjusted</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3"><B>(in thousands)</B><HR size="1" noshade></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Total debt, including current maturities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,760,647</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">397,373</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Ratio of total debt to stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.4x</TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Body -->
 </TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenants in the agreements governing our existing debt, and debt we may
incur in the future, may materially restrict our operations, including our
ability to incur debt, pay dividends, make certain investments and payments,
and encumber or dispose of assets. In addition, financial covenants contained
in agreements relating to our existing and future debt could lead to a default
in the event our results of operations do not meet our plans and we are unable
to amend such financial covenants prior to default. A default under one debt
instrument may also trigger cross-defaults under our other debt instruments. An
event of default under any debt instrument, if not cured or waived, could have
a material adverse effect on us.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our substantial indebtedness could have important consequences to holders
of the Notes. For example, it could:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>make it more difficult for us to satisfy our obligations with respect to the Notes;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increase our vulnerability to general adverse economic and industry conditions;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>limit our ability to fund future working capital, capital expenditures, research and development and other general
corporate requirements;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>require us to dedicate a substantial portion of our cash flow from operations to service payments on our debt;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>limit our flexibility to react to changes in our business and the industry in which we operate;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>place us at a competitive disadvantage to any of our competitors that have less debt; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>limit, along with the financial and other restrictive covenants in our indebtedness, among other things, our ability to
borrow additional funds.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Ability to Service Debt. </I>We cannot assure you that our business will
generate cash in an amount sufficient to enable us to service our debt,
including the Notes, or to fund our other liquidity needs. We expect that
substantial amounts of our debt will come due prior to the final maturity date
of the Notes, which we will be required to repay or refinance. Our 5.75%
convertible subordinated notes due 2006, our 5.00% convertible subordinated
notes due 2007, our 9.25% senior notes due 2008, our 10.5% senior subordinated
notes due 2009, and amounts outstanding under our existing secured debt will
mature prior to the 2011 maturity date of the Notes and will be payable in cash
unless the holders of the convertible notes elect to convert the principal
amount of such notes into our common stock. In addition, we may need to
refinance all or a portion of our debt, including the Notes, on or before
maturity. We cannot assure you that we will be able to refinance any of our
debt on commercially reasonable terms or at all.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Effective Subordination of the Notes to Liabilities of Our Subsidiaries &#151;
Your Right to Receive Payments on the Notes from Funds Provided by Our
Subsidiaries is Junior in Right of Payment to the Claims of the Creditors of
Our Subsidiaries.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We conduct a large portion of our operations through our subsidiaries.
Accordingly, our ability to meet our cash obligations is dependent upon the
ability of our subsidiaries to make cash payments to us. We expect
distributions from our subsidiaries to be a large source of funds for payment
of the interest on the Notes. The claims of creditors (including trade
creditors) of any subsidiary will generally have priority as to the assets of
such subsidiary over the claims of the holders of the Notes. In the event of a
liquidation of any of our subsidiaries, our right to receive the assets of any
such subsidiary (and the resulting right of the holders of the Notes to
participate in the distribution of the


<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="font-size: 10pt">proceeds of those assets) will effectively be subordinated by operation of law
to the claims of creditors (including trade creditors) of such subsidiary and
holders of such subsidiary&#146;s preferred stock and any guarantees by such
subsidiary of our indebtedness, such as the subsidiary guarantees under our
senior secured credit facility. In the event of the liquidation, bankruptcy,
reorganization, insolvency, receivership or similar proceeding or any
assignment for the benefit of our creditors or a marshaling of our assets or
liabilities, holders of the Notes may receive ratably less than other such
creditors or interest holders. Assuming we had completed this offering and
applied the net proceeds to repay the term loan and the revolving loans under
our senior secured credit facility outstanding as of the issue date of the
Notes, as if each had occurred as of December&nbsp;31, 2003, the Notes would have
been effectively subordinated to $345.2&nbsp;million of indebtedness and other
liabilities of our subsidiaries, including trade payables but excluding
intercompany obligations.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Financing Change of Control Offer &#151; We May Not Have, or be Able to Raise, the
Funds Necessary to Finance an Offer to Repurchase the Notes Following a Change
of Control or We May be Prohibited from Doing So by our Debt Agreements.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the occurrence of a change of control, we must offer to repurchase
all outstanding Notes. However, it is possible that we will not have sufficient
funds at the time of the change of control to make the required repurchases of
Notes or that restrictions in other debt agreements may not allow such
repurchases.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>No Prior Market for the Notes &#151; We Cannot Assure You That an Active Trading
Market Will Develop for the Notes.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately following the consummation of this offering, there will not be
a public market for the Notes. The initial purchasers have informed us that
they intend to make a market in the Notes after we have completed this
offering. However, the initial purchasers may cease their market-making at any
time. In addition, the liquidity of the trading markets in the Notes, and the
market prices quoted for the Notes, may be adversely affected by changes in:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the overall market for high yield securities;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our financial performance or prospects; or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the prospects for companies in the semiconductor industry generally.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a result, we cannot assure holders of Notes that an active trading market
will develop for the Notes.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Difficulties in Enforcing Judgments in Foreign Jurisdictions</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since a large portion of our assets are located outside the U.S., any
judgments obtained in the U.S. against us, including judgments with respect to
the payment of principal, premium, interest, offer price, or other amounts
payable with respect to the Notes may be not collectible within the U.S. If
holders of Notes intend to enforce a judgment obtained in the U.S. against our
assets located outside the U.S., they may be subject to additional procedures
and other difficulties which would not be required for enforcement of such
judgment in the U.S.


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<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt"><B>SIGNATURES</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3"><B>AMKOR TECHNOLOGY, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000"><I>/s/ KENNETH T. JOYCE</I>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2"><I>Kenneth T. Joyce</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>Dated: March 12, 2004&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2"><I>Chief Financial Officer</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>w95191exv99w1.htm
<DESCRIPTION>PRESS RELEASE DATED MARCH 8, 2004
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<P align="right" style="font-size: 10pt">Exhibit&nbsp;99.1



<P align="left" style="font-size: 10pt"><B>Press Release</B>


<P align="left" style="font-size: 10pt"><B>Amkor Technology to Issue $250 Million in Notes</B>
<BR>Monday March&nbsp;8, 12:10 pm ET


<P align="left" style="font-size: 10pt">CHANDLER, Ariz., March 8 /PRNewswire-FirstCall/ &#151; Amkor Technology, Inc.
(Nasdaq: AMKR &#151; News) today announced its intent to issue $250&nbsp;million
principal amount of senior notes due 2014.


<P align="left" style="font-size: 10pt">Amkor intends to use the net proceeds of the issuance to repay amounts
outstanding under its senior secured credit facility and for general corporate
purposes, including capital expenditures.


<P align="left" style="font-size: 10pt">The notes are being sold to qualified institutional buyers in reliance on Rule
144A and outside the United States in compliance with Regulation&nbsp;S under the
Securities Act of 1933. The notes have not been registered under the Securities
Act of 1933, as amended, and may not be offered or sold in the United States
except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state securities
laws.


<P align="left" style="font-size: 10pt">This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of the notes in any state in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.


<P align="left" style="font-size: 10pt">For further information, please contact Jeffrey Luth of Amkor Technology, Inc.,
&#043;1-480-821-5000, ext. 5130, jluth@amkor.com.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>w95191exv99w2.htm
<DESCRIPTION>PRESS RELEASE DATED MARCH 9, 2004
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="right" style="font-size: 10pt">Exhibit&nbsp;99.2



<P align="left" style="font-size: 10pt"><B>Press Release</B>


<P align="left" style="font-size: 10pt"><B>Amkor Technology Announces Pricing of 7 1/8% Senior Notes Due 2011</B>
<BR>Tuesday March&nbsp;9, 8:13 pm ET


<P align="left" style="font-size: 10pt">CHANDLER, Ariz., March 9 /PRNewswire-FirstCall/ &#151; Amkor Technology, Inc.
(Nasdaq: AMKR &#151; News) announced today that it has priced an offering of $250
million of its senior unsecured notes. The notes will mature on March&nbsp;15, 2011
and have a coupon rate of 7 1/8% annually.


<P align="left" style="font-size: 10pt">Amkor intends to use the net proceeds of the issuance to repay amounts
outstanding under its senior secured credit facility and for general corporate
purposes, including capital expenditures.


<P align="left" style="font-size: 10pt">The notes are being sold to qualified institutional buyers in reliance on Rule
144A and outside the United States in compliance with Regulation&nbsp;S under the
Securities Act of 1933. The notes have not been registered under the Securities
Act of 1933, as amended, and may not be offered or sold in the United States
except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state securities
laws.


<P align="left" style="font-size: 10pt">This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of the notes in any state in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.


<P align="left" style="font-size: 10pt; margin-left: 3%">Contact:<BR>
Amkor Technology, Inc.<BR>
Jeffrey Luth<BR>
480-821-5000 ext. 5130<BR>
jluth@amkor.com



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>5
<FILENAME>w95191exv99w3.htm
<DESCRIPTION>PRESS RELEASE DATED MARCH 12, 2004
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w3</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><IMG src="w95191w9519100.gif" alt="(AMKOR LOGO)">


<P align="right" style="font-size: 10pt">Exhibit&nbsp;99.3



<P align="right" style="font-size: 10pt"><FONT style="font-size:20pt"><B>News Release</B></FONT>



<P align="center" style="font-size: 10pt"><B>Amkor Technology Closes Offering of 7 1/8% Senior Notes Due 2011</B>


<P align="left" style="font-size: 10pt"><B>CHANDLER, Ariz. &#151; March&nbsp;12, 2004 </B>&#150; Amkor Technology, Inc. (Nasdaq: AMKR)
announced today that it has closed an offering of $250&nbsp;million of its 7 1/8%
Senior Notes due 2011.


<P align="left" style="font-size: 10pt">The 7 1/8% Senior Notes were sold to qualified institutional buyers in reliance
on Rule&nbsp;144A and outside the United States in compliance with Regulation&nbsp;S
under the Securities Act of 1933. The 7 1/8% Senior Notes have not been
registered under the Securities Act of 1933, as amended, and may not be offered
or sold in the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act
and applicable state securities laws.


<P align="left" style="font-size: 10pt">$169&nbsp;million of the net proceeds of the Senior Notes will be used to prepay the
entire term loan outstanding under Amkor&#146;s senior secured credit facility. The
remaining proceeds will be used for general corporate purposes.


<P align="left" style="font-size: 10pt">In connection with prepayment of the term loan, Amkor will incur a
non-recurring charge of $2.9&nbsp;million in the first quarter of 2004 consisting of
$1.7&nbsp;million for the early payment of the loan and a $1.2&nbsp;million non-cash
charge for amortization of deferred debt issuance costs.


<P align="left" style="font-size: 10pt">&#147;This senior notes financing allows Amkor to take advantage of a favorable
interest rate environment, while also providing the company with improved
liquidity and greater flexibility to pursue our strategic growth initiatives,&#148;
said Ken Joyce, Amkor&#146;s chief financial officer.



<P align="left" style="font-size: 10pt"><B>About Amkor</B>

<P align="left" style="font-size: 10pt">Amkor Technology, Inc. (Nasdaq: AMKR) is a leading provider of contract
semiconductor assembly and test services. The company offers semiconductor
companies and electronics OEMs a complete set of microelectronic design and
manufacturing services. More information on Amkor is available from the
company&#146;s SEC filings and on Amkor&#146;s web site: www.amkor.com.



<P align="left" style="font-size: 10pt">Contact:


<P align="left" style="margin-left: 2%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Jeffrey Luth<BR>
VP Corporate Communications<BR>
Amkor Technology, Inc.<BR>
480-821-5000 ext. 5130<BR>
jluth@amkor.com



<P align="center" style="font-size: 10pt">
</DIV>


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