ChipMOS TECHNOLOGIES INC. announced that its Board of Directors authorized a new share repurchase program with a total amount of up to NT$525 million, approximately US$16.4 million. This program allows for the repurchase of up to 15 million shares from the open market on the Taiwan Stock Exchange.
The authorized shares represent approximately 2.06% of the company's issued share capital. The repurchase price range is set from NT$18.87 to NT$35.00 per share, with the provision that buybacks will still occur if the stock price falls below this range.
S.J. Cheng, Chairman and President of ChipMOS, stated that this new authorization reflects the company's strong balance sheet and long-term fundamentals, as well as the view that its shares are undervalued due to recent market dislocation. The program period is from May 14 to July 13, 2025, underscoring a commitment to shareholder value.
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