ChipMOS REPORTS YoY REVENUE INCREASE OF 5.1% IN MARCH 2025 AND 2.1% IN 1Q25 REVENUE

Rhea-AI Summary

ChipMOS Technologies (NASDAQ: IMOS) reported its March 2025 and Q1 2025 financial results, showing positive growth trends. The company's March 2025 revenue reached NT$2,031.6 million (US$61.2 million), marking a 15.7% increase from February 2025 and a 5.1% rise year-over-year.

Q1 2025 revenue totaled NT$5,532.3 million (US$166.7 million), representing a 2.5% increase from Q4 2024 and a 2.1% growth from Q1 2024. The revenue improvement was attributed to continued enhancements in certain end markets and customer inventory levels, along with a modest uptick in turns business.

The company is actively monitoring the evolving tariff situation and plans to adjust its strategy based on customers' exposure to the U.S. market and potential demand impacts.

Positive

• 15.7% month-over-month revenue growth in March 2025
• 5.1% year-over-year revenue increase in March 2025
• 2.5% quarter-over-quarter revenue growth in Q1 2025
• Improved end market conditions and customer inventory levels

Negative

• Potential tariff impacts could affect U.S. market demand

Insights

Financial Analyst

ChipMOS's latest financial results show a moderate upward trend with 5.1% YoY revenue growth in March 2025 and 2.1% YoY growth for Q1 2025. The NT$5,532.3 million (US$166.7 million) quarterly revenue also represents a 2.5% increase from Q4 2024, indicating steady sequential improvement.

While these growth figures are positive, they reflect modest expansion rather than dramatic acceleration. The company's commentary about "continued improvements in certain end markets and customer inventory levels" suggests an ongoing recovery in select semiconductor segments. The mention of a " uptick" in their turns business (short-cycle orders) indicates improving but not yet robust demand dynamics.

A significant cautionary note appears in their forward-looking statements regarding tariffs. The company specifically mentions "closely monitoring the rapidly evolving tariff situation" and potential adjustments needed based on customers' U.S. market exposure. This signals potential headwinds that could offset some of the positive momentum if international trade tensions escalate.

For investors, these results demonstrate operational stability and incremental improvement, but the tariff uncertainty introduces a meaningful risk factor that warrants close attention in coming quarters.

Semiconductor Industry Expert

ChipMOS's latest results provide important insights into the OSAT (Outsourced Semiconductor Assembly and Test) sector's current trajectory. The modest but consistent growth across both monthly (5.1% YoY) and quarterly (2.1% YoY) metrics suggests the semiconductor backend services market continues its gradual recovery phase.

The improved customer inventory levels mentioned in the release are particularly telling - this indicates the industry's inventory correction cycle is further normalizing after the significant adjustments seen in previous periods. Backend assembly and test providers like ChipMOS typically experience demand recovery slightly later than frontend wafer fabrication, so these results likely confirm broader semiconductor supply chain healing.

The company's specific mention of tariff concerns highlights a critical industry-wide challenge. For OSAT providers, whose business model depends on seamless global supply chains, new tariffs could force significant logistics restructuring and potentially create geographic advantages for certain players based on their manufacturing footprints. ChipMOS's Taiwan-based operations may face both challenges and opportunities depending on how trade policies evolve between the U.S. and China.

The sequential monthly revenue jump of 15.7% from February to March exceeds typical seasonality, suggesting genuine underlying demand improvement beyond just cyclical patterns.

HSINCHU, April 10, 2025 /PRNewswire/ -- 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 March 2025 and for the first quarter ended March 31, 2025. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$33.19 to US$1.00 as of March 31, 2025.

Revenue for the first quarter of 2025 was NT$5,532.3 million or US$166.7 million, representing an increase of 2.5% from the fourth quarter of 2024, and an increase of 2.1% from the first quarter of 2024. The Company noted its increased revenue reflects continued improvements in certain end markets and customer inventory levels, along with a positive but lesser impact from a limited uptick in its turns business. Separately, the Company continues to closely monitor the rapidly evolving tariff situation and plans to adjust accordingly to best support our customers based on their exposure to the U.S. market and if the tariffs result in a decrease of demand.

Revenue for the month of March 2025 was NT$2,031.6 million or US$61.2 million, representing an increase of 15.7% from February 2025, and an increase of 5.1% from March 2024.

Consolidated Monthly Revenues (Unaudited)
	March 2025	February 2025	March 2024	MoM Change	YoY Change
Revenues    (NT$ million)	2,031.6	1,755.4	1,933.2	15.7 %	5.1 %
Revenues    (US$ million)	61.2	52.9	58.2	15.7 %	5.1 %

Consolidated Quarterly Revenues (Unaudited)
	First Quarter 2025	Fourth Quarter 2024	First Quarter 2024	QoQ Change	YoY Change
Revenues    (NT$ million)	5,532.3	5,399.6	5,418.7	2.5 %	2.1 %
Revenues    (US$ million)	166.7	162.7	163.3	2.5 %	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 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 tariffs, government policies, global trade environments, pricing, 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 (IMOS) revenue growth in March 2025 compared to March 2024?

ChipMOS reported a 5.1% year-over-year revenue increase in March 2025 compared to March 2024, reaching NT$2,031.6 million.

How did ChipMOS (IMOS) perform in Q1 2025 compared to the previous quarter?

ChipMOS achieved a 2.5% quarter-over-quarter revenue growth in Q1 2025, reaching NT$5,532.3 million compared to Q4 2024.

What factors drove ChipMOS (IMOS) revenue growth in Q1 2025?

Revenue growth was driven by improvements in end markets, better customer inventory levels, and a modest increase in turns business.

What potential risks is ChipMOS (IMOS) monitoring in 2025?

ChipMOS is closely monitoring the evolving tariff situation and its potential impact on customer demand, particularly in the U.S. market.