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ChipMOS Technologies Announces New Share Repurchase Program

Strategic Insights

— 1 min read

ChipMOS Technologies, a leading provider of outsourced semiconductor assembly and test services, has announced a new share repurchase program with a total amount of up to NT$525 million (approximately US$16.4 million). Under the program, the company will repurchase up to 15 million shares from the open market on the Taiwan Stock Exchange, approximately 2.06% of its issued share capital. This move demonstrates the company's confidence in its business and its long-term fundamentals, as stated by S.J. Cheng, Chairman and President of ChipMOS.

Key Takeaways:

  • The new share repurchase program is authorized by ChipMOS's Board of Directors and has a total amount of up to NT$525 million (approximately US$16.4 million).
  • The program involves the repurchase of up to 15 million shares from the open market on the Taiwan Stock Exchange, representing approximately 2.06% of the company's issued share capital.
  • The shares will be repurchased within a price range of NT$18.87 to NT$35.00 per share.
  • The program period is from May 14 to July 13, 2025.
  • S.J. Cheng, Chairman and President of ChipMOS, stated that the program reflects the company's confidence in its business and long-term fundamentals.
  • The repurchase is in-line with ChipMOS's capital allocation strategy and its view that its shares represent a highly compelling investment opportunity given the recent share price dislocation in the market.

Statistics:

  • Up to NT$525 million (approximately US$16.4 million) will be spent on the share repurchase program.
  • The program involves the repurchase of up to 15 million shares, approximately 2.06% of ChipMOS's issued share capital.
  • The shares will be repurchased over a period of approximately 2 months, from May 14 to July 13, 2025.
  • The price range for the share repurchase is NT$18.87 to NT$35.00 per share.

Sources:

  • "ChipMOS TECHNOLOGIES INC. Announces New Share Repurchase Program" (PRNewswire-FirstCall, May 13, 2025)
  • ChipMOS TECHNOLOGIES INC. website and annual reports.

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