ChipMOS ANNOUNCES NT$525 MILLION SHARE REPURCHASE PROGRAM

Rhea-AI Summary

ChipMOS Technologies (NASDAQ: IMOS) has announced a new share repurchase program worth NT$525 million (approximately US$16.4 million). The company plans to repurchase up to 15 million shares, representing about 2.06% of its issued share capital, from the Taiwan Stock Exchange open market.

The repurchase will occur between May 14 to July 13, 2025, with a price range of NT$18.87 to NT$35.00 per share. The program will continue even if the stock price falls below this range. Chairman S.J. Cheng cited the company's strong balance sheet and long-term fundamentals as drivers for this decision, viewing the current share price as an attractive investment opportunity due to market dislocation.

Positive

• Board authorized NT$525 million (US$16.4 million) for share repurchases
• Company reports strong balance sheet and positive long-term fundamentals
• Buyback represents 2.06% of issued share capital, showing significant commitment to shareholder value

Negative

• Share price experiencing dislocation in the market, indicating recent stock weakness
• Program allows purchases below minimum price range, suggesting potential further stock decline

News Market Reaction

-0.82%

1 alert

-0.82% News Effect

On the day this news was published, IMOS declined 0.82%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HSINCHU, May 13, 2025 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today announced that its Board of Directors authorized a new share repurchase program with the total amount up to NT$525 million (approximately US$16.4 million, based on the exchange rate of NT$31.96 to US$1.00 as of April 30, 2025).

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. The shares will be repurchased within a price range of NT$18.87 to NT$35.00 per share, while the buyback will still be carried out if the stock price falls lower than the aforementioned range. The authorization repurchase program period is from May 14 to July 13, 2025.

S.J. Cheng, Chairman and President of ChipMOS, said, "Our strong balance sheet and long-term fundamentals give us confidence in our business, which is reflected in the new share repurchase authorization by the Board of Directors. This is in-line with our capital allocation strategy and view that our shares represent a highly compelling investment opportunity given the recent share price dislocation in the market. We continue focus on supporting our customers and executing on the longer-term, strategic initiatives that will help drive our growth and leadership success."

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements:

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding tariffs, government policies, global trade environments, pricing, plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.

Contacts:

In Taiwan Jesse Huang ChipMOS TECHNOLOGIES INC. +886-6-5052388 ext. 7715 IR@chipmos.com

In the U.S. David Pasquale Global IR Partners +1-914-337-8801 dpasquale@globalirpartners.com

 

View original content:https://www.prnewswire.com/news-releases/chipmos-announces-nt525-million-share-repurchase-program-302453399.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What is the size of ChipMOS (IMOS) share repurchase program announced in May 2025?

ChipMOS announced a NT$525 million (US$16.4 million) share repurchase program to buy back up to 15 million shares, representing approximately 2.06% of its issued share capital.

What is the price range for IMOS stock buyback program in 2025?

The repurchase price range is set between NT$18.87 to NT$35.00 per share, with purchases continuing even if the stock price falls below this range.

When will ChipMOS (IMOS) execute its 2025 share buyback program?

The share repurchase program will be executed from May 14 to July 13, 2025.

Why did ChipMOS (IMOS) announce a share buyback in May 2025?

ChipMOS initiated the buyback due to their strong balance sheet, confidence in long-term fundamentals, and belief that their shares represent a compelling investment opportunity given recent market dislocation.