Pamir Law Group acted for Amkor Technology Inc. in its recently announced acquisition of Unitive Semiconductor Taiwan Corp and Unitive Inc.

Amkor Technology Inc agreed to acquire a majority 60% stake in Unitive Semiconductor Taiwan Corp for an undisclosed amount. In a separate but related transaction, Amkor Technology agreed to acquire Unitive Inc. Unitive Semiconductor Taiwan is a joint venture between Unitive and various Taiwanese investors. Both companies to be acquired are providers of semiconductor packaging products and services. The combined consideration for both transactions is US$48 million in cash plus $23 million in assumed liabilities.

In addition, the Unitive Semiconductor Taiwan agreement provides for a performance base earn-out that is estimated to be $2 million. The Unitive agreement provides for a performance based earn-out of $55 million maximum to be paid one year from closing in cash or stock at Amkor’s discretion. The current Unitive and Unitive Semiconductor Taiwan management teams in North Carolina and Taiwan have been retained.