Hanmi Semiconductor Executes Largest Treasury Stock Cancellation Since Establishment

Hanmi Semiconductor announced on the 13th that it will cancel 1,302,059 treasury shares worth 130 billion KRW. This is the largest scale of treasury share cancellation since the company's founding.

The decision to cancel treasury shares appears to be based on confidence in Hanmi Semiconductor's future value amid the growth of the AI semiconductor market, along with enhancing corporate value and returning profits to shareholders.

Out of the total 200 billion KRW worth of treasury shares acquired last year, Hanmi Semiconductor has already canceled 725,043 shares. By additionally canceling about 1.3 million shares, it will have canceled 94% of the treasury shares it acquired.

Chairman Kwak Dong-shin acquired approximately 39.3 billion KRW worth of treasury shares starting from 2023.

Founded in 1980, Hanmi Semiconductor is a global company with about 320 customers worldwide, based on its unparalleled experience and know-how in the global semiconductor market. Since establishing the Intellectual Property Department in 2002, it has focused on protecting and strengthening intellectual property rights through a team of about 10 specialists, filing a total of approximately 120 patents related to HBM equipment to date. With its outstanding technology and durability, it is expected to strengthen its equipment competitiveness.

This content was produced with the assistance of AI translation services.