Amkor Technology News

Even before the news was official, it filtered out - unofficially - to Wall Street.

Amkor Technology has signed a memorandum of understanding to set up a factory and R&D center in the Incheon Free Economic Zone near Seoul, South Korea.

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Amkor Technology is planning to build a $350 million factory and research and development complex in Seoul, South Korea, over the next three to four years.

On a trading floor in Midtown Manhattan, the squawk boxes were set to relay a market-moving bulletin at 10 a.m. This was the news: An analyst at the investment house was raising his assessment of Amkor Technology, a big name in computer chips.

Ted Parmigiani, a research analyst, was fired by Lehman Brothers in 2005, after he upgraded a company called Amkor from Sell to Neutral.

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Amkor Technology, Inc. today announced that it plans to build a state-of-the-art factory and global research and development center in the Incheon Free Economic Zone, which is located in the greater metropolitan area of Seoul, Korea.