ChipPAC Named One of Silicon Valley's Fastest Growing Companies

Apr 18, 2001, 01:00 ET from ChipPAC, Inc.

    SANTA CLARA, Calif., April 18 /PRNewswire/ --
 ChipPAC, Inc. (Nasdaq:   CHPC), one of the world's largest and most diversified
 providers of semiconductor packaging, test and distribution services, today
 announced that is has been named one of Silicon Valley's fastest growing
 companies.
     ChipPAC ranked number 74 out of 150 in its first year on the San Jose
 Mercury News' ranking and was cited for its ability to move from a loss in
 1999 to a profit in 2000.  The Silicon Valley 150 ranking is based on
 worldwide sales for the most recent four quarters.  Companies must be publicly
 held and headquartered in Santa Clara, Santa Cruz, southern San Mateo or
 southern Alameda counties.
     The Top 10 companies, by sales, were: Hewlett-Packard, Intel, Cisco
 Systems, Solectron, Sun Microsystems, Agilent, Oracle, Applied Materials,
 Apple Computer and CNF.  ChipPAC was one of only six companies that went
 public last year to make the sales ranking: Palm, #30; ChipPAC, #74; Genencor
 International, #94; Handspring, #102; Therma-Wave, #126; and Turnstone
 Systems, #142.
     As a group, the 150 largest companies in Silicon Valley saw their sales
 rise by a third, led by 94 percent growth in the Internet services sector and
 81 percent growth among semiconductor manufacturing equipment companies.
     Dennis McKenna, Chief Executive Officer and President of ChipPAC, Inc.
 commented, "This ranking underscores the impressive growth ChipPAC achieved
 last year and the hard work of our employees.  We are honored to be among such
 a prestigious list of industry leaders."
 
     About ChipPAC, Inc.
     ChipPAC is a full-portfolio provider of semiconductor packaging, test and
 distribution services that combines a history of innovation and aggressive
 service with more than a decade of experience satisfying some of the largest
 -- and most demanding -- customers in the industry.  With advanced process
 technology capabilities and a global presence spanning Korea, China, Malaysia
 and the United States, ChipPAC has established a reputation for reliable, high
 quality service. For more information, visit the Web site,
 http://www.chippac.com.
 
      CONTACT:
      David Pasquale, 646-536-7006, or Julie Prozeller, 646-536-7010
      Both with The Ruth Group, http://www.TheRuthGroup.com
 
     This press release includes forward-looking statements, as that term is
 defined in the Private Securities Reform Act of 1995, which are subject to
 known and unknown risks and uncertainties that could cause actual results to
 differ materially from those expressed or implied by such statements. These
 forward looking statements include statements regarding the trends in our
 financial performance, expected first quarter 2001 results, market conditions
 in 2001, expected continued demand for our services and products, growth in
 our end markets, our intent to build our own U.S. test capability internally
 through our Asian facility's equipment and targeted investments to support
 customer requirements, revenue and earnings projections, our position to
 capitalize on future growth in the semiconductor industry.  Some of these
 risks and uncertainties are detailed in documents filed with the Securities
 and Exchange Commission, and include, but may not necessarily be limited to,
 fluctuations in customer demand, raw material costs, exchange rates, timing
 and success of new product and service introductions, competitive conditions
 in the semiconductor foundry industry, the ongoing quality of the Company's
 services, and the ability of the Company's principal suppliers to provide
 materials and equipment on a timely and cost competitive basis.  The Company
 undertakes no obligation to update the information in this press release.
 
 

SOURCE ChipPAC, Inc.
    SANTA CLARA, Calif., April 18 /PRNewswire/ --
 ChipPAC, Inc. (Nasdaq:   CHPC), one of the world's largest and most diversified
 providers of semiconductor packaging, test and distribution services, today
 announced that is has been named one of Silicon Valley's fastest growing
 companies.
     ChipPAC ranked number 74 out of 150 in its first year on the San Jose
 Mercury News' ranking and was cited for its ability to move from a loss in
 1999 to a profit in 2000.  The Silicon Valley 150 ranking is based on
 worldwide sales for the most recent four quarters.  Companies must be publicly
 held and headquartered in Santa Clara, Santa Cruz, southern San Mateo or
 southern Alameda counties.
     The Top 10 companies, by sales, were: Hewlett-Packard, Intel, Cisco
 Systems, Solectron, Sun Microsystems, Agilent, Oracle, Applied Materials,
 Apple Computer and CNF.  ChipPAC was one of only six companies that went
 public last year to make the sales ranking: Palm, #30; ChipPAC, #74; Genencor
 International, #94; Handspring, #102; Therma-Wave, #126; and Turnstone
 Systems, #142.
     As a group, the 150 largest companies in Silicon Valley saw their sales
 rise by a third, led by 94 percent growth in the Internet services sector and
 81 percent growth among semiconductor manufacturing equipment companies.
     Dennis McKenna, Chief Executive Officer and President of ChipPAC, Inc.
 commented, "This ranking underscores the impressive growth ChipPAC achieved
 last year and the hard work of our employees.  We are honored to be among such
 a prestigious list of industry leaders."
 
     About ChipPAC, Inc.
     ChipPAC is a full-portfolio provider of semiconductor packaging, test and
 distribution services that combines a history of innovation and aggressive
 service with more than a decade of experience satisfying some of the largest
 -- and most demanding -- customers in the industry.  With advanced process
 technology capabilities and a global presence spanning Korea, China, Malaysia
 and the United States, ChipPAC has established a reputation for reliable, high
 quality service. For more information, visit the Web site,
 http://www.chippac.com.
 
      CONTACT:
      David Pasquale, 646-536-7006, or Julie Prozeller, 646-536-7010
      Both with The Ruth Group, http://www.TheRuthGroup.com
 
     This press release includes forward-looking statements, as that term is
 defined in the Private Securities Reform Act of 1995, which are subject to
 known and unknown risks and uncertainties that could cause actual results to
 differ materially from those expressed or implied by such statements. These
 forward looking statements include statements regarding the trends in our
 financial performance, expected first quarter 2001 results, market conditions
 in 2001, expected continued demand for our services and products, growth in
 our end markets, our intent to build our own U.S. test capability internally
 through our Asian facility's equipment and targeted investments to support
 customer requirements, revenue and earnings projections, our position to
 capitalize on future growth in the semiconductor industry.  Some of these
 risks and uncertainties are detailed in documents filed with the Securities
 and Exchange Commission, and include, but may not necessarily be limited to,
 fluctuations in customer demand, raw material costs, exchange rates, timing
 and success of new product and service introductions, competitive conditions
 in the semiconductor foundry industry, the ongoing quality of the Company's
 services, and the ability of the Company's principal suppliers to provide
 materials and equipment on a timely and cost competitive basis.  The Company
 undertakes no obligation to update the information in this press release.
 
 SOURCE  ChipPAC, Inc.