ChipMOS EXPECTS 6.3% FULL YEAR 2024 REVENUE GROWTH, WITH A 5.4% YoY DECEMBER 2024 REVENUE DECLINE AND A 5.7% YoY 4Q24 REVENUE DECLINE
ChipMOS Technologies (IMOS) reported its unaudited consolidated revenue for December 2024 and Q4 2024, projecting a 6.3% full-year revenue growth for 2024 compared to 2023.
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Rhea-AI Summary
ChipMOS Technologies (IMOS) reported its unaudited consolidated revenue for December 2024 and Q4 2024, projecting a 6.3% full-year revenue growth for 2024 compared to 2023. However, the company faced some headwinds as December 2024 revenue declined to NT$1,780.1 million (US$54.3 million), representing a 3.0% decrease from November 2024 and a 5.4% decrease from December 2023.
Q4 2024 revenue reached NT$5,399.6 million (US$164.7 million), showing a 11.0% decline from Q3 2024 and a 5.7% decrease from Q4 2023. The company acknowledged that the quarterly decline reflects macro industry pricing and demand headwinds, while emphasizing that the strong full-year growth demonstrates continued leadership in its core markets.
Positive
- Projected 6.3% full-year revenue growth for 2024 vs 2023
- Maintained market leadership position in core markets
Negative
- 11.0% revenue decline in Q4 2024 compared to Q3 2024
- 5.7% year-over-year revenue decline in Q4 2024
- 5.4% year-over-year revenue decline in December 2024
- Facing macro industry pricing and demand headwinds
Details
News Market Reaction – IMOS
The recorded move for IMOS in the trading session of this news was -2.94%.
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HSINCHU, Jan. 10, 2025 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of December 2024 and for the fourth quarter ended December 31, 2024. All
Revenue for the fourth quarter of 2024 was
Revenue for the month of December 2024 was
Consolidated Monthly Revenues (Unaudited) | |||||
December 2024 | November 2024 | December 2023 | MoM Change | YoY Change | |
Revenues (NT$ million) | 1,780.1 | 1,834.6 | 1,881.5 | -3.0 % | -5.4 % |
Revenues (US$ million) | 54.3 | 55.9 | 57.4 | -3.0 % | -5.4 % |
Consolidated Quarterly Revenues (Unaudited) | |||||
Fourth Quarter 2024 | Third Quarter 2024 | Fourth Quarter 2023 | QoQ Change | YoY Change | |
Revenues (NT$ million) | 5,399.6 | 6,068.0 | 5,725.4 | -11.0 % | -5.7 % |
Revenues (US$ million) | 164.7 | 185.1 | 174.6 | -11.0 % | -5.7 % |
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in
Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the
Contacts:
In Jesse Huang ChipMOS TECHNOLOGIES INC. +886-6-5052388 ext. 7715 | In the David Pasquale Global IR Partners +1-914-337-8801 |
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SOURCE ChipMOS TECHNOLOGIES INC.
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