ChipMOS REPORTS 6.7% YoY INCREASE IN 2Q24 REVENUE AND 7.2% YoY INCREASE IN JUNE 2024 REVENUE
Rhea-AI Summary
ChipMOS Technologies reported a 6.7% year-over-year (YoY) increase in revenue for the second quarter of 2024, totaling NT$5,809.6 million (US$179.0 million). This marks a 7.2% increase from the first quarter of 2024. The company attributed this growth to a rise in DDIC demand and high utilization of its high-end test platforms. For June 2024, revenue was NT$1,917.7 million (US$59.1 million), a 5.3% decrease from May 2024 but a 7.2% increase from June 2023.
Positive
- Second quarter 2024 revenue increased 6.7% YoY to NT$5,809.6 million (US$179.0 million).
- Revenue for June 2024 grew 7.2% YoY to NT$1,917.7 million (US$59.1 million).
- Revenue increased 7.2% from the first quarter of 2024.
Negative
- Revenue for June 2024 decreased 5.3% from May 2024.
News Market Reaction – IMOS
In the trading session that priced this news, IMOS gained 2.47%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HSINCHU, July 10, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of June 2024 and for the second quarter ended June 30, 2024. All
Revenue for the second quarter of 2024 was
Revenue for the month of June 2024 was
Consolidated Monthly Revenues (Unaudited) | |||||
June 2024 | May 2024 | June 2023 | MoM Change | YoY Change | |
Revenues (NT$ million) | 1,917.7 | 2,024.3 | 1,788.1 | -5.3 % | 7.2 % |
Revenues (US$ million) | 59.1 | 62.4 | 55.1 | -5.3 % | 7.2 % |
Consolidated Quarterly Revenues (Unaudited) | |||||
Second Quarter 2024 | First Quarter 2024 | Second Quarter 2023 | QoQ Change | YoY Change | |
Revenues (NT$ million) | 5,809.6 | 5,418.7 | 5,444.1 | 7.2 % | 6.7 % |
Revenues (US$ million) | 179.0 | 167.0 | 167.8 | 7.2 % | 6.7 % |
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.