Korea Advanced Semiconductor CEO and Vice Chairman Kwak Dong-shin announced on the 23rd that he has signed a trust contract for the acquisition of treasury shares worth 50 billion KRW.
The contract period is until October 23, and the contracting institution is Samsung Securities.
The trust contract for acquiring treasury shares appears to be a decision based on confidence in Korea Advanced Semiconductor's future value, along with enhancing shareholder value and the growth of the artificial intelligence semiconductor market.
Korea Advanced Semiconductor's TC Bonder, which holds the world's number one market share, trades with 12 client companies and can produce 264 TC Bonders annually (22 units per month).
With the expansion of the sixth factory and an additional order of core parts processing production equipment worth 20 billion KRW, from next year, it has secured the world's largest production capacity of 420 TC Bonders annually (35 units per month). It is expected that delivery times will be significantly shortened once the expansion is completed.
Founded in 1980, Korea Advanced Semiconductor is a global company with 44 years of experience and know-how in the global semiconductor equipment market. Over the past 10 years, the export ratio compared to sales has averaged over 77%, and it has about 320 client companies worldwide. Since the establishment of the Intellectual Property Department in 2002, a dedicated team of about 10 professionals has filed a total of approximately 120 patents, including 111 patents related to HBM (High Bandwidth Memory) equipment for artificial intelligence semiconductors. It possesses unparalleled technology worldwide.
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