ChipMOS to expand Taiwan footprint

HSINCHU, TAIWAN: ChipMOS Technologies(Bermuda) Ltd announced that its majority-owned subsidiary, ChipMOS Technologies Inc. won a public court bidding process, allowing it to purchase an existing building for approximately $10.1 million. The building is located directly across ChipMOS's existing facility in Southern Taiwan Science Park and features approximately 393,173 square feet of floor space.

S.J. Cheng, chairman and CEO of ChipMOS, said: "This was a perfect opportunity for us to add needed manufacturing floor space. The fact that the new building is located literally across the street from our existing facility opens up new options to us in how we deploy our manufacturing resources and personnel. Customers and partners will also have added confidence in ChipMOS given our commitment of efficiently supporting their roadmaps and their increased demand levels. Importantly, this is a very attractive transaction for us from a financial standpoint."