Hanmik Semiconductor announced on October 7 that Chairman Kwak Dong-shin has completed a stock buyback totaling 70.2 billion won since 2023, following a plan disclosed on September 9.
According to the announcement, on October 7, Kwak purchased an additional 7 billion won worth of shares (2,549 shares at a purchase price of 274,235 won each). This brings the total stock acquired by Kwak since 2023 to 70.2 billion won (747,940 shares), increasing his ownership stake to 33.63%.
As the largest shareholder, Kwak has consistently bought back shares using personal funds to enhance shareholder value and demonstrate responsible management. This year alone, he has acquired a total of 16.7 billion won in shares, following purchases of 3 billion won in April, 8 billion won in June, and 5 billion won in July.
Analysts suggest that Kwak's stock purchases reflect confidence in Hanmik Semiconductor's leading position in the global AI semiconductor equipment market, driven by its unique high-performance semiconductor packaging technology.
Currently, Hanmik Semiconductor holds the top position in the market for 'TC bonders,' essential for producing high-bandwidth memory (HBM), a key component of AI semiconductors. The company has also risen to first place in the micro solder and vision placement (MSVP) equipment market. Additionally, its 'EMI shield' equipment, exclusively supplied to global smart device manufacturers and aerospace companies, continues to drive revenue growth.
Hanmik Semiconductor is strengthening its market position by supplying various equipment that responds to the increasing performance demands of AI semiconductors and advancements in packaging technology.
Looking ahead, the company expects to expand its equipment export opportunities to the U.S. semiconductor market when a new packaging production facility begins operations in the U.S. in 2028. To support this initiative, Hanmik Semiconductor has established a subsidiary, Hanmik USA, in San Jose, California, to provide close technical support to local clients.
A Hanmik Semiconductor representative stated, "Chairman Kwak's additional stock buyback is a seamless execution of the plan disclosed in September. We aim to strengthen our global leadership by expanding the supply of advanced packaging equipment in response to the growing demand for AI semiconductors."
* This article has been translated by AI.
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