Amkor Technology announces CEO Ken Joyce to retire next year Amkor Technology announced that Ken Joyce intends to retire as president and CEO and director of the company by the end of 2013, following more than 15 years of service to the company. The company's board has created a search committee to identify 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.
Amkor Technology to expand China operations Amkor Technology announced plans to expand its state-of-the-art assembly and test factory located in China’s Shanghai Waigaoqiao Free Trade Zone. With this project, Amkor expects to increase its manufacturing facilities in China by 45% to nearly 60,000 square meters of cleanroom space. Amkor plans to invest around $60M for construction of the new facilities, which is scheduled to be completed by the summer of 2016.