Chipmos And Connectec Japan Corporation Enter Joint Technology Development Agreement; Chipmos Takes 30% Equity Stake

ChipMOS TECHNOLOGIES LTD.IMOS today announced that its majority-owned Taiwanese subsidiary, ChipMOS TECHNOLOGIES INC., has agreed to invest in CONNECTEC JAPAN Corporation for a 30% equity stake of CTJ pursuant to a share subscription agreement dated July 4, 2011. On the same day, the Company and CTJ have also entered into a technology transfer agreement ("Technology Agreement") in which, ChipMOS Taiwan receives exclusive perpetual license for certain intellectual property rights from CTJ. Under the Technology Agreement, ChipMOS Taiwan and CTJ will jointly develop package and assembly technologies targeting existing and future market opportunities and better meet its customer requirements. CTJ is a corporation focused on the development of next generation semiconductor package and foundry technologies. Its proprietary technology was developed to increase efficiency and yield of LCD driver assembly processes and to extend inner lead bonding process capability to below 20um.