SEOUL, October 29 (AJP) - Hanmi Semiconductor said Wednesday that its chairman, Kwak Dong-shin, will buy 5 billion won (about $3.7 million) worth of company shares using his own funds.
The purchase, expected to be completed by Nov. 26, will bring Kwak’s total personal investment in Hanmi shares since 2023 to 47.3 billion won, raising his stake from 33.47 percent to 33.50 percent.
Hanmi Semiconductor is a global leader in TC bonder equipment — technology critical to the production of high-bandwidth memory, or HBM, a component increasingly vital to artificial intelligence chips.
The company has focused heavily on intellectual property since 2002, filing more than 120 patents related to HBM manufacturing tools. Analysts say that confidence in Hanmi’s technological edge likely underpins Kwak’s decision to expand his holdings.
Founded in 1980, Hanmi Semiconductor supplies roughly 320 clients worldwide. The company recently established a subsidiary, Hanmi Singapore, in the Woodlands district to provide enhanced local support for Micron Technology and other customers in Southeast Asia.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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