Hanmi Semiconductor, Vice Chairman Gwak Dong-shin Makes First Purchase of Company Shares After Joining

Semiconductor equipment company Hanmi Semiconductor announced on the 24th that Vice Chairman and CEO Kwak Dong-shin purchased 24,000 shares of the company's stock worth a total of 1 billion KRW.

Kwak, who joined Hanmi Semiconductor in March 1998, is the largest shareholder holding 35.5% of Hanmi Semiconductor's shares. All previously held shares were acquired through the management succession process. This is his first direct purchase of Hanmi Semiconductor stock.

Amid a recent correction following a sharp rise in the stock price, the purchase of treasury shares is interpreted as a demonstration of confidence in Hanmi Semiconductor's future value.

Hanmi Semiconductor's dual TC bonder, a crucial production process equipment for high-bandwidth memory (HBM), is gaining attention as a key AI semiconductor equipment represented by AI software such as ChatGPT. The market is also focusing on Hanmi Semiconductor's TC bonder equipment, which has a high potential for use in TSMC's advanced packaging technology CoWoS (Chip on Wafer on Substrate), adopted by Nvidia and AMD.

Hanmi Semiconductor is the top semiconductor equipment company in South Korea by market capitalization, having surpassed 4 trillion KRW.