{"id":4197,"date":"2016-01-22T17:18:18","date_gmt":"2016-01-22T17:18:18","guid":{"rendered":"https:\/\/staging.asminternational.org\/edfas\/results\/-\/journal_content\/56\/10192\/26120726\/NEWS\/"},"modified":"2023-02-07T04:53:08","modified_gmt":"2023-02-07T04:53:08","slug":"amkor-technology-announces-acquisition-of-remaining-shares-of-j-devices","status":"publish","type":"post","link":"https:\/\/www.asminternational.org\/edfas\/results\/-\/journal_content\/56\/10192\/26120726\/NEWS\/","title":{"rendered":"Amkor Technology announces acquisition of remaining shares of J-Devices"},"content":{"rendered":"<p>\n\tAmkor Technology Inc., Tempe, Ariz., has increased its ownership interest in J-Devices Corp., Japan, from 65.7% to 100% through the exercise of previously disclosed options.<\/p>\n<p>\n\t&#8220;Amkor will consolidate the financial results of J-Devices beginning in 2016, initially adding about $800 million of annual revenue to our top line,&#8221; said Steve Kelley, Amkor&#8217;s president and chief executive officer. &#8220;This transaction cements Amkor&#8217;s position as the world&#8217;s second largest OSAT, well ahead of the next two players. We also become the largest OSAT for the automotive market, with roughly $750 million in combined automotive-based revenues in 2015.&#8221;<\/p>\n<p>\t&#8220;Fully combining J-Devices and Amkor is the logical next step in our joint venture relationship that was begun more than six years ago,&#8221; said Yoshifumi Nakaya, J-Devices&#8217; chief executive officer. &#8220;We are fully committed to our customers in Japan, and we see exciting opportunities to expand our business worldwide by capitalizing on our leadership position in automotive ICs.&#8221;<\/p>\n<p>\tJ-Devices is the largest OSAT in Japan and the sixth largest in the world. For the 12 months ended September 30, 2015, J-Devices generated revenues of $832 million, EBITDA of $113 million and net income of $26 million.&nbsp;<\/p>\n<p>\n\t<a href=\"http:\/\/www.amkor.com\/\">www.amkor.com<\/a><\/p>\n<p>\n\t&nbsp;<\/p>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amkor Technology Inc., Tempe, Ariz., has increased its ownership interest in J-Devices Corp., Japan, from 65.7% to 100% through the exercise of previously disclosed options.<\/p>\n","protected":false},"author":63082,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[443,434,450,435,436,1],"tags":[],"class_list":["post-4197","post","type-post","status-publish","format-standard","hentry","category-automobiles-and-ground-transportation","category-electronics","category-general","category-news","category-news-articles","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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