ChipMOS enters into definite agreements with SPIL

HSINCHU, TAIWAN: ChipMOS Technologies (Bermuda) Ltd has entered into a share purchase agreement with Siliconware Precision Industries Co. Ltd (SPIL) to sell to SPIL Company's holding of 133,000,000 common shares of its wholly owned subsidiary, ChipMOS Technologies Inc. (ChipMOS Taiwan), with a consideration of approximately NT$1.63 billion (approximately $51 million).

The purchased shares represent approximately 15.8 percent of the total number of ChipMOS Taiwan's outstanding shares. Under the terms and conditions of the Share Purchase Agreement, SPIL will pay the purchase price in four installments to the Company with the final installment scheduled to be paid on or about March 31, 2011.

SPIL will not effect the transfer of the purchased shares until Company has fulfilled certain closing conditions of the Share Purchase Agreement. The Company plans to use the net proceeds from the Share Purchase Agreement as repayment to sums owed under the US$74.5 million syndication loan agreement executed in July 2008.

The Company also announced that ChipMOS Taiwan has entered into an equipment purchase agreement with SPIL to purchase SPIL's DRAM test and LCD driver assembly and test operation lines with purchase price of approximately NT$1.63 billion (approximately $51 million).

Under the terms and conditions of the Equipment Purchase Agreement, ChipMOS Taiwan will pay the purchase price in four installments to SPIL with the final installment scheduled to be paid on or before March 31, 2011. All the purchased equipments will be shipped to and installed at ChipMOS' plant by no later than July 31, 2010.

Under the terms and conditions of the Equipment Purchase Agreement, SPIL commits not to purchase DRAM testers and LCD driver assembly and test equipments within five years from the effective date of the Equipment Purchase Agreement.