ChipMOS REPORTS OCTOBER 2024 REVENUE
ChipMOS Technologies reported unaudited consolidated revenue of NT$1,784.9 million (US$55.8 million) for October 2024, showing a decrease of 5.5% from September 2024 and a decline of 9.4% from October 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 reported unaudited consolidated revenue of NT$1,784.9 million (US$55.8 million) for October 2024, showing a decrease of 5.5% from September 2024 and a decline of 9.4% from October 2023. The company's performance aligns with previous guidance, indicating DRAM improvements from better end markets, while NAND flash and DDIC segments faced challenges due to weaker market demand, conservative ordering patterns, and ongoing customer inventory adjustments.
Positive
- DRAM segment shows improvement due to better end market conditions
Negative
- Monthly revenue decreased 5.5% MoM to NT$1,784.9 million
- Year-over-year revenue declined 9.4%
- NAND flash and DDIC segments experiencing weak market demand
- Customers implementing conservative ordering and inventory adjustments
Details
News Market Reaction – IMOS
The recorded move for IMOS in the trading session of this news was -4.12%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HSINCHU, Nov. 8, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of October 2024. All
Revenue for the month of October 2024 was
Consolidated Monthly Revenues (Unaudited) | |||||
October 2024 | September 2024 | October 2023 | MoM Change | YoY Change | |
Revenues (NT$ million) | 1,784.9 | 1,888.9 | 1,970.0 | -5.5 % | -9.4 % |
Revenues (US$ million) | 55.8 | 59.0 | 61.5 | -5.5 % | -9.4 % |
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-october-2024-revenue-302299535.html
SOURCE ChipMOS TECHNOLOGIES INC.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.