HSINCHU, Dec. 21,
2023 /PRNewswire/ -- 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
the Company's Board of Directors has approved the proposed
US$137.1 million sale of the equity
interests in Unimos Microelectronics (Shanghai) Co., Ltd. ("Unimos Shanghai") by the
Company's wholly-owned subsidiary, ChipMOS TECHNOLOGIES (BVI) LTD.
("ChipMOS BVI").
Under the proposed agreement, ChipMOS BVI will sell its entire
remaining 45.0242% equity interests in Unimos Shanghai to Suzhou
Oriza PuHua ZhiXin Equity Investment Partnership(L.P.) and 10 other
local Chinese investment management companies. Total consideration
under the proposed all-cash sale of RMB 979.3 million
(approximately NT$4.29 billion or
approximately US$137.1 million) will
be paid to ChipMOS BVI in two installments, with the second
installment to be paid six months after the first installment. The
estimated loss upon disposal is expected to be approximately
NT$41.8 million, but the actual
profit and loss figure will vary according to the reported amount
of the actual trading day and the exchange rate.
S.J. Cheng, Chairman of ChipMOS, commented, "This transaction is
inline with our focus on supporting customers in higher growth
end-markets as a leading OSAT provider. Our Board of Directors
approved the proposed sale of all equity interests in Unimos
Shanghai to even better align our asset base with the Company's
global business strategy, while also further improving the
Company's financial strength and competitiveness as the transaction
proceeds will be used for future medium and long-term operational
development. We continue to benefit from content expansion and
broader market growth within several high-growth markets, including
automotive electronics, 5G, intelligent home devices and AI
applications, led by the continued expansion of our high-end test
platform. We remain committed to investing in R&D and
developing core technologies to meet customers' evolving
requirements while enhancing our competitiveness and business
strength."
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 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-board-of-directors-approves-us137-1-million-proposed-sale-of-equity-interests-in-unimos-microelectronics-shanghai-302020914.html
SOURCE ChipMOS TECHNOLOGIES INC.