ChipMOS REPORTS 10.4% YoY INCREASE IN MAY 2024 REVENUE
ChipMOS Technologies reported a 10.4% year-over-year (YoY) increase in revenue for May 2024, totaling NT$2,024.3 million (US$62.3 million).
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Rhea-AI Summary
ChipMOS Technologies reported a 10.4% year-over-year (YoY) increase in revenue for May 2024, totaling NT$2,024.3 million (US$62.3 million). This marks an 8.4% increase from April 2024. The company attributes the growth to improved customer inventory stabilization and overall market expansion. All figures are based on an exchange rate of NT$32.48 to US$1.00 as of May 31, 2024.
Positive
- Revenue increased by 10.4% YoY, indicating strong annual growth.
- Revenue for May 2024 was NT$2,024.3 million (US$62.3 million), up 8.4% from April 2024.
- Improved customer inventory stabilization contributed positively to revenue.
- Broad market growth provided a favorable business environment.
Negative
- The data presented is unaudited, which may lead to later revisions.
- Dependence on exchange rate NT$32.48 to US$1.00 could affect future revenue reports.
Details
News Market Reaction – IMOS
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HSINCHU, June 7, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of May 2024. All
Revenue for the month of May 2024 was
Consolidated Monthly Revenues (Unaudited) | |||||
May 2024 | April 2024 | May 2023 | MoM Change | YoY Change | |
Revenues (NT$ million) | 2,024.3 | 1,867.6 | 1,834.3 | 8.4 % | 10.4 % |
Revenues (US$ million) | 62.3 | 57.5 | 56.5 | 8.4 % | 10.4 % |
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 |
View original content:https://www.prnewswire.com/news-releases/chipmos-reports-10-4-yoy-increase-in-may-2024-revenue-302166773.html
SOURCE ChipMOS TECHNOLOGIES INC.
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