Kim SangJin Reporter
letyou@alphabiz.co.kr | 2024-11-13 03:40:56
[Alpha Biz= Reporter Kim Sangjin] Hanmi Semiconductor announced on the 12th that it has entered into a trust agreement for the purchase of its own shares worth 40 billion KRW. The contract period will last until May 12, 2025, and Samsung Securities will act as the intermediary.
Vice Chairman Kwak Dong-shin of Hanmi Semiconductor said, "We are closely cooperating with our customers as the main supplier of TC bonders for HBM production, primarily for SK hynix and Micron Technology of the United States. Based on continuous efforts and technological prowess, we are maximizing customer satisfaction and maintaining our position as the global market leader."
The decision to buy back shares through the trust agreement is seen as a move to enhance shareholder value and express confidence in Hanmi Semiconductor's future potential in the growing AI semiconductor market.
This share buyback contract is part of a series of agreements, following previous buybacks of 50 billion KRW in 2022 and 30 billion KRW in 2023. In total, Hanmi Semiconductor has entered into share repurchase agreements worth 280 billion KRW over the past three years. During this period, the company has also retired 1.92 million shares, striving to enhance shareholder value.
Founded in 1980, Hanmi Semiconductor has focused on intellectual property protection and enhancement since establishing its intellectual property department in 2002. The company has filed over 120 HBM equipment patents, including 111 granted patents, which are expected to further bolster its competitive advantage and improve the durability and competitiveness of its equipment.
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