Amkor Technology (AMKR) 10-Q 2007 Q2 Quarterly report

Exhibit 12.1

AMKOR TECHNOLOGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio data)

															Six Months
	Year Ended December 31,														Ended June 30,
	2002			2003			2004			2005			2006		2007
Earnings
Income (loss) before income taxes, minority interests and discontinued operations	$	(825,403	)	$	(55,833	)	$	(28,868	)	$	(145,288	)	$	182,494	$	74,752
Equity Investment losses		(208,165	)		(3,290	)		(2	)		(55	)		—		—
Income (loss) before income taxes, equity investment losses, minority interests and discontinued operations		(617,238	)		(52,543	)		(28,866	)		(145,233	)		182,494		74,752
Interest expense		143,441			138,775			145,897			163,125			160,909		70,245
Amortization of debt issuance costs		8,251			7,428			6,182			7,948			7,250		2,946
Interest portion of rent		4,995			5,463			5,928			6,215			5,583		3,326
Less (earnings) loss of affiliates		—			—			—			—			—		—
	$	(460,551	)	$	99,123		$	129,141		$	32,055		$	356,236	$	151,269
Fixed Charges
Interest expense	$	143,441		$	138,775		$	145,897		$	163,125		$	160,909	$	70,245
Amortization of debt issuance costs		8,251			7,428			6,182			7,948			7,250		2,946
Interest portion of rent		4,995			5,463			5,928			6,215			5,583		3,326
	$	156,687		$	151,666		$	158,007		$	177,288		$	173,742	$	76,517
Ratio of earnings to fixed charges		— x	1		—x	1		—x	1		—x	1		2.05		1.98

(1) The ratio of earnings to fixed charges was less than 1:1 for 2005. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $145.2 million of earnings in 2005. The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2004. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $28.9 million of earnings for the year ended December 31, 2004. The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2003. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $52.5 million of earnings in the year ended December 31, 2003. The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2002. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $617.2 million of earnings in the year ended December 31, 2002.