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

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

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 U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.79 to US$1.00 as of December 31, 2024. This would represent full year 2024 revenue growth of approximately 6.3% compared to the full year 2023.

Revenue for the fourth quarter of 2024 was NT$5,399.6 million or US$164.7 million, representing a decrease of 5.7% from the fourth quarter of 2023, and a decrease of 11.0% from the third quarter of 2024. The Company noted that while the quarterly decline reflects macro industry pricing and demand headwinds, the strong full year 2024 revenue growth reflects continued leadership in its core markets.

Revenue for the month of December 2024 was NT$1,780.1 million or US$54.3 million, representing a decrease of 3.0% from November 2024, and a decrease of 5.4% from December 2023.

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 Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide. 

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 U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.

Contacts:

In Taiwan Jesse Huang ChipMOS TECHNOLOGIES INC. +886-6-5052388 ext. 7715 IR@chipmos.com

In the U.S. David Pasquale Global IR Partners +1-914-337-8801 dpasquale@globalirpartners.com

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SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What is ChipMOS's (IMOS) projected revenue growth for full-year 2024?

ChipMOS expects a 6.3% revenue growth for the full year 2024 compared to 2023.

How much did IMOS revenue decline in Q4 2024 compared to Q3 2024?

ChipMOS's revenue declined by 11.0% in Q4 2024 compared to Q3 2024, from NT$6,068.0 million to NT$5,399.6 million.

What was IMOS's December 2024 revenue in US dollars?

ChipMOS's revenue for December 2024 was US$54.3 million.

What factors affected IMOS's Q4 2024 performance?

The quarterly decline was attributed to macro industry pricing and demand headwinds.

How did IMOS's December 2024 revenue compare to December 2023?

December 2024 revenue decreased by 5.4% compared to December 2023, from NT$1,881.5 million to NT$1,780.1 million.