Image source: Shutterstock

Highlights

  • Share repurchase up to NT$525 million (approx. US$16.4 million) approved through July 13, 2025
  • Up to 15 million shares targeted, representing 2.06% of total share capital
  • Buyback price range set at NT$18.87 to NT$35.00 per share

ChipMOS TECHNOLOGIES INC. (Taiwan Stock Exchange: 8150; Nasdaq: IMOS) announced its Board of Directors has approved a new share repurchase program with a total allocation of up to NT$525 million, equivalent to approximately US$16.4 million. The buyback authorization covers up to 15 million shares, or about 2.06% of the company’s outstanding issued share capital.

The buyback program will be conducted on the Taiwan Stock Exchange between May 14 and July 13, 2025. Shares will be repurchased within a price range of NT$18.87 to NT$35.00 per share. Notably, the company stated the buyback could proceed even if the market price drops below the specified range.

The repurchase initiative reflects management’s decision to deploy capital amid a period of recent share price dislocation. Although corporate commentary framed the move within the context of long-term confidence, the buyback also suggests current valuation levels are seen as underperforming relative to internal benchmarks or market expectations.

This move comes amid broader capital allocation strategies and may signal to investors a potential reassessment of equity value. However, no changes to dividend policy or operational guidance were disclosed alongside the buyback announcement.

ChipMOS is a provider of outsourced semiconductor assembly and testing services with operations across Taiwan, servicing fabless chipmakers and integrated device manufacturers. The company is dual-listed on the Taiwan Stock Exchange and Nasdaq under the tickers 8150 and IMOS, respectively.