ChipMOS REPORTS 2.8% MoM INCREASE IN NOVEMBER 2024 REVENUE, DOWN 2.1% YoY
ChipMOS Technologies (NASDAQ: IMOS) reported its November 2024 revenue of NT$1,834.6 million (US$56.4 million), showing a 2.8% increase from October 2024 but a 2.1% decrease from November 2023.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
ChipMOS Technologies (NASDAQ: IMOS) reported its November 2024 revenue of NT$1,834.6 million (US$56.4 million), showing a 2.8% increase from October 2024 but a 2.1% decrease from November 2023. The company, which provides outsourced semiconductor assembly and test services (OSAT), attributed the monthly growth to stabilization in memory and continued normalization in customer inventory levels.
Positive
- Monthly revenue increased 2.8% from October 2024
- Memory business showing stabilization
- Customer inventory levels normalizing
Negative
- Year-over-year revenue declined 2.1%
Details
News Market Reaction – IMOS
The recorded move for IMOS in the trading session of this news was -0.52%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HSINCHU, Dec. 10, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of November 2024. All
Revenue for the month of November 2024 was
Consolidated Monthly Revenues (Unaudited) | |||||
November 2024 | October 2024 | November 2023 | MoM Change | YoY Change | |
Revenues (NT$ million) | 1,834.6 | 1,784.9 | 1,873.9 | 2.8 % | -2.1 % |
Revenues (US$ million) | 56.4 | 54.9 | 57.7 | 2.8 % | -2.1 % |
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-2-8-mom-increase-in-november-2024-revenue-down-2-1-yoy-302326864.html
SOURCE ChipMOS TECHNOLOGIES INC.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.