ChipMOS REPORTS 12.4% YoY GROWTH IN JULY 2024 REVENUE, UP 7.6% MoM

Rhea-AI Summary

ChipMOS Technologies Inc. (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry-leading outsourced semiconductor assembly and test services provider, reported strong financial results for July 2024. The company's unaudited consolidated revenue reached NT$2,063.4 million (US$63.1 million), marking a 7.6% increase from June 2024 and a 12.4% year-over-year growth compared to July 2023.

The impressive performance was primarily driven by continued healthy demand for display driver ICs (DDIC) and improvements in broader inventory levels. This growth trend indicates positive momentum in ChipMOS's core business segments and reflects the company's strong position in the semiconductor industry.

Positive

• Revenue increased by 12.4% year-over-year to NT$2,063.4 million (US$63.1 million)
• Month-over-month revenue growth of 7.6% from June 2024
• Strong demand for display driver ICs (DDIC) contributing to growth
• Improvements and stabilization in broader inventory levels

Negative

• None.

HSINCHU, Aug. 9, 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 July 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.69 to US$1.00 as of July 31, 2024.

Revenue for the month of July 2024 was NT$2,063.4 million or US$63.1 million, representing an increase of 7.6% from June 2024, and an increase of 12.4% from July 2023. The Company noted growth was led by the continued healthy DDIC demand, and further improvements and stabilization in broader inventory levels.

Consolidated Monthly Revenues (Unaudited)
	July 2024	June 2024	July 2023	MoM Change	YoY Change
Revenues    (NT$ million)	2,063.4	1,917.7	1,836.2	7.6 %	12.4 %
Revenues    (US$ million)	63.1	58.7	56.2	7.6 %	12.4 %

 

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 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 was ChipMOS Technologies' (IMOS) revenue for July 2024?

ChipMOS Technologies (IMOS) reported revenue of NT$2,063.4 million or US$63.1 million for July 2024.

How much did ChipMOS Technologies' (IMOS) revenue grow year-over-year in July 2024?

ChipMOS Technologies (IMOS) reported a 12.4% year-over-year revenue growth in July 2024 compared to July 2023.

What factors contributed to ChipMOS Technologies' (IMOS) revenue growth in July 2024?

ChipMOS Technologies' (IMOS) revenue growth in July 2024 was led by continued healthy demand for display driver ICs (DDIC) and improvements in broader inventory levels.

How did ChipMOS Technologies' (IMOS) July 2024 revenue compare to June 2024?

ChipMOS Technologies' (IMOS) July 2024 revenue increased by 7.6% compared to June 2024.