ChipMOS Technologies (Bermuda) LTD. announced that its majority-owned Taiwanese subsidiary, ChipMOS Technologies Inc., has agreed to invest in CONNECTEC Japan Corp. (CTJ) for a 30% equity stake of CTJ pursuant to a share subscription agreement dated July 4, 2011.
ChipMOS 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.