Kwak Dong-sin, chairman of Hanmi Semiconductor, announced on November 4 that he will invest 10 billion won of his personal funds to buy back shares of the company. With this purchase, the total amount of Hanmi Semiconductor stock acquired by Kwak since 2023 will reach 80.2 billion won.
According to Hanmi Semiconductor, the stock acquisition is scheduled for December 2 and will be conducted through on-market purchases. Once completed, Kwak's ownership stake will increase to 33.69%.
Kwak has consistently engaged in stock buybacks to enhance corporate value and demonstrate responsible management. This year alone, he has made five purchases totaling 26.7 billion won, following earlier acquisitions in April (3 billion won), June (8 billion won), July (5 billion won), and October (700 million won).
Hanmi Semiconductor is expected to achieve record annual sales for three consecutive years starting in 2024, driven by growth in the artificial intelligence (AI) semiconductor market and increased investments in high-bandwidth memory (HBM) and advanced AI packaging. The demand for TC bonders and the supply of new TC and FC bonders, along with 'Micro So & Vision Placement (MSVP)' technology, are anticipated to boost performance. The company is also expanding its presence in the EMI shield equipment sector for aerospace and smart device semiconductor processes.
The company is accelerating its global market strategy. Following the establishment of subsidiaries in Taiwan, China, and Singapore, Hanmi Semiconductor opened a local subsidiary, Hanmi USA, in San Jose, California, in October.
A Hanmi Semiconductor representative stated, "This reflects our confidence in the company's technology and future growth, as well as our commitment to responsible management as the largest shareholder. We aim to strengthen our global competitiveness through market entry in the U.S. and expansion of advanced packaging equipment supply, thereby enhancing both corporate and shareholder value."
* This article has been translated by AI.
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