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<COMPANY-DATA>
<CONFORMED-NAME>AMKOR TECHNOLOGY INC
<CIK>0001047127
<ASSIGNED-SIC>3674
<IRS-NUMBER>231722724
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
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<FILE-NUMBER>000-29472
<FILM-NUMBER>04817597
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<BUSINESS-ADDRESS>
<STREET1>1345 ENTERPRISE DR
<CITY>WEST CHESTER
<STATE>PA
<ZIP>19380
<PHONE>6104319600
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<STREET1>1345 ENTERPRISE DR
<CITY>WEST CHESTER
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<TYPE>8-K
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<FILENAME>w97647e8vk.htm
<DESCRIPTION>FORM 8-K DATED MAY 17, 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">May&nbsp;17, 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">
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    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&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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<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<BR>
(Registrant&#146;s telephone number, including area code)</B>



<P align="center" style="font-size: 10pt">&nbsp;
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<TR><TD></TD><TD colspan="8"><A HREF="#000">ITEM 5. OTHER EVENTS</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="w97647exv99w1.htm">PRESS RELEASE DATED MAY 17, 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">On May&nbsp;17, 2004, Amkor announced that it had entered into a strategic
long-term agreement with International Business Machines Corp (&#147;IBM&#148;) for
semiconductor assembly and test services. The transaction is valued at
approximately $145&nbsp;million, consisting of $114&nbsp;million for land, buildings
and fixtures, and $31&nbsp;million for equipment and intangibles. Amkor will
pay IBM a total of $63&nbsp;million for fixtures, equipment, intangibles and
intellectual property, with payments of $20&nbsp;million at closing, expected
May&nbsp;31, 2004, and $43&nbsp;million in the fourth quarter of 2004. Further,
Amkor will pay $82&nbsp;million to the China building developer in the fourth
quarter of 2004.


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


<P align="left" style="font-size: 10pt">99.1&nbsp;&nbsp;&nbsp;Text of Press Release dated May&nbsp;17, 2004.


<!-- link2 "SIGNATURES" -->
<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">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.



<P align="center" style="font-size: 10pt"><B>AMKOR TECHNOLOGY, INC.</B>


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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>By: /s/ Kenneth T. Joyce</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
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</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Kenneth T. Joyce</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Chief Financial Officer</I></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: May&nbsp;19, 2004</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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<P align="right" style="font-size: 10pt">Exhibit&nbsp;99.1<BR>
<br><br>

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    <TD align="left" valign="top"><B>Press Release</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Source: Amkor Technology, Inc.</TD>
</TR>


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<P align="left" style="font-size: 10pt"><B>Amkor Enters Into Long-Term Semiconductor Assembly and Test Services Agreement
With IBM</B>


<P align="left" style="font-size: 10pt">Monday May&nbsp;17, 8:00 pm ET


<P align="left" style="font-size: 10pt">CHANDLER, Ariz., May&nbsp;17 /PRNewswire-FirstCall/ &#151; Amkor Technology, Inc.
(Nasdaq: AMKR &#151; News) announced today that it has entered into a strategic
long-term agreement with IBM for semiconductor assembly and test services. Four
principal elements compose the relationship framework:



<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A long-term supply agreement that Amkor estimates could generate in
excess of $1.5&nbsp;billion in assembly and test revenue through 2010;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amkor will buy the land and 950,000 square foot manufacturing complex
that was built for and currently leased by IBM in Shanghai, China;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amkor will acquire IBM&#146;s Singapore test operations, including high-end
testers, related assets and employees;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amkor will enter into a cross-licensing agreement covering select IBM
and Amkor assembly and test IP.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">Under the long-term supply agreement, Amkor will receive the substantial
majority of IBM&#146;s subcontract wire bond and flip chip assembly and final test.


<P align="left" style="font-size: 10pt">The transaction is valued at approximately $145&nbsp;million, consisting of $114
million for land, buildings and fixtures, and $31&nbsp;million for equipment and
intangibles. Amkor will pay IBM a total of $63&nbsp;million for fixtures, equipment,
intangibles and intellectual property, with payments of $20&nbsp;million at closing,
expected May&nbsp;31, 2004, and $43&nbsp;million in the fourth quarter of 2004. Amkor
will pay $82&nbsp;million to the China building developer in the fourth quarter of
2004.


<P align="left" style="font-size: 10pt">&#147;We expect the incremental revenue associated with this supply agreement will
be modest in 2004, with most of the effort this year focused on qualifying a
number of new products,&#148; said Oleg Khaykin, Amkor&#146;s executive vice president
for corporate development. &#147;However, based on preliminary volume estimates, we
anticipate the revenue associated with this supply agreement could exceed $150
million in 2005.&#148;


<P align="left" style="font-size: 10pt">&#147;With 75% of the world&#146;s assembly and test performed internally by integrated
device manufacturers, this landmark collaboration reflects our belief that the
most efficient way to successfully foster outsourcing by IDMs is by creating
strategic relationships with industry leaders like IBM,&#148; said James Kim,
Amkor&#146;s chairman and chief executive officer. &#147;This long-term supply agreement
positions Amkor to benefit from IBM&#146;s leadership in technology, its strength as
a Tier 1 foundry, and its increasing number of strategic alliances with end
customers. In addition, acquiring IBM&#146;s test operation in Singapore broadens
Amkor&#146;s operational footprint with immediate advanced test capability in this
important center for microelectronics manufacturing. We look forward to
building and strengthening our relationship with IBM, its foundry customers and
technology partners,&#148; said Kim.


<P align="left" style="font-size: 10pt">&#147;This long term agreement recognizes Amkor&#146;s industry leadership, with broad
design capabilities, leading edge packaging technology, and extensive
production scale and capabilities to meet the demanding semiconductor
manufacturing supply chain requirements of IBM and our end customers,&#148; said
John Acocella, General Manager, Technology and Manufacturing Services, IBM
Systems &#038; Technology Group.


<P align="left" style="font-size: 10pt">&#147;Most of the assembly business associated with our IBM relationship will use
high volume, advanced packages, including MicroLeadFrame&#174;, ChipArray&#174;BGA and
stacked die packages, which will improve utilization of not only our existing
lines, but also our planned equipment purchases,&#148; said Bruce Freyman, Amkor&#146;s
president and chief operating officer. &#147;The 950,000 square foot facility in
Shanghai&#146;s Waigaoqiao Free Trade Zone which was built for IBM is a world-class
complex that is ideally suited to our long-term expansion needs in China.&#148;



<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="font-size: 10pt">About Amkor


<P align="left" style="font-size: 10pt">Amkor Technology, Inc. (Nasdaq: AMKR &#151; News) 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. MicroLeadFrame
and ChipArray are registered trademarks of Amkor Technology, Inc.


<P align="left" style="font-size: 10pt">A question and answer document related to this press release can be found at
www.amkor.com/ir.


<P align="left" style="font-size: 10pt">Forward-Looking Statements


<P align="left" style="font-size: 10pt">This press release contains forward-looking statements within the meaning of
federal securities laws, including, without limitation, statements regarding
projected revenue, the planned acquisition of assets and operations, the
anticipated execution of a cross-licensing agreement, the timing of the
completion of the transaction, the expected payments by Amkor, the level of
IBM&#146;s chip assembly and final test to be received by Amkor, the focus on
qualifying new products, the benefit and strength of the strategic relationship
with IBM, the increasing number of IBM&#146;s strategic alliances with end
customers, and improved utilization of Amkor&#146;s existing lines and planned
equipment purchases. These forward-looking statements are subject to a number
of risks and uncertainties which could cause actual results and events to
differ materially from historical and expected results, including, but not
limited to, the highly unpredictable nature of the semiconductor industry;
volatility of consumer demand for products incorporating our semiconductor
packages; deterioration of the U.S. or other economies; competitive pricing and
declines in average selling prices of our products; risks associated with the
transaction, including satisfaction of closing conditions and transaction
costs; technological challenges; IBM&#146;s ability to increase the number of its
strategic alliances with end customers; and our ability to work with IBM.
Further information on 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 is detailed in the Amkor&#146;s filings with the Securities and
Exchange Commission, including the Report on Form 10-K for the year ended
December&nbsp;31, 2003.
For further information, please contact: Jeffrey Luth of Amkor Technology,
Inc., &#043;1-480-821-2408, ext. 5130, jluth@amkor.com; or Martijn Pierik of Positio
Public Relations, Inc., &#043;1-408-453-2400, martijn@positiopr.com, for Amkor
Technology, Inc.



<P align="right" style="font-size: 10pt">Source: Amkor Technology, Inc.



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