ChipMOS REPORTS 8.7% YoY INCREASE IN 3Q24 REVENUE AND 1.2% YoY DECREASE IN SEPTEMBER 2024 REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an outsourced semiconductor assembly and test services provider, reported its unaudited consolidated revenue for September 2024 and the third quarter ended September 30, 2024. The company's Q3 2024 revenue increased by 8.7% year-over-year to NT$6,068.0 million (US$191.7 million), also up 4.4% from Q2 2024. ChipMOS noted benefits from healthy supply and demand, particularly in its DDIC business.

However, September 2024 revenue decreased by 1.2% year-over-year to NT$1,888.9 million (US$59.7 million), and was down 10.7% from August 2024. The exchange rate used was NT$31.65 to US$1.00 as of September 30, 2024.

Positive

• Q3 2024 revenue increased 8.7% year-over-year to NT$6,068.0 million (US$191.7 million)
• Q3 2024 revenue grew 4.4% quarter-over-quarter
• Company benefiting from healthy supply and demand in DDIC business

Negative

• September 2024 revenue decreased 1.2% year-over-year to NT$1,888.9 million (US$59.7 million)
• September 2024 revenue declined 10.7% month-over-month

News Market Reaction

-1.16%

1 alert

-1.16% News Effect

On the day this news was published, IMOS declined 1.16%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HSINCHU, Oct. 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 September 2024 and for the third quarter ended September 30, 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.65 to US$1.00 as of September 30, 2024.

Revenue for the third quarter of 2024 was NT$6,068.0 million or US$191.7 million, representing an increase of 4.4% from the second quarter of 2024, and an increase of 8.7% from the third quarter of 2023. The Company noted it is benefiting from healthy supply and demand led by its DDIC business.

Revenue for the month of September 2024 was NT$1,888.9 million or US$59.7 million, representing a decrease of 10.7% from August 2024, and a decrease of 1.2% from September 2023.

Consolidated Monthly Revenues (Unaudited)
	September 2024	August 2024	September 2023	MoM Change	YoY Change
Revenues    (NT$ million)	1,888.9	2,115.8	1,912.3	-10.7 %	-1.2 %
Revenues    (US$ million)	59.7	66.8	60.4	-10.7 %	-1.2 %

 

Consolidated Quarterly Revenues (Unaudited)
	Third Quarter 2024	Second Quarter 2024	Third Quarter 2023	QoQ Change	YoY Change
Revenues    (NT$ million)	6,068.0	5,809.6	5,581.5	4.4 %	8.7 %
Revenues    (US$ million)	191.7	183.6	176.4	4.4 %	8.7 %

 

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 was ChipMOS's (IMOS) revenue for Q3 2024?

ChipMOS's revenue for Q3 2024 was NT$6,068.0 million or US$191.7 million.

How did ChipMOS's (IMOS) Q3 2024 revenue compare to Q3 2023?

ChipMOS's Q3 2024 revenue increased by 8.7% compared to Q3 2023.

What was ChipMOS's (IMOS) revenue for September 2024?

ChipMOS's revenue for September 2024 was NT$1,888.9 million or US$59.7 million.

How did ChipMOS's (IMOS) September 2024 revenue compare to September 2023?

ChipMOS's September 2024 revenue decreased by 1.2% compared to September 2023.