Chipmos Technolo Stock Price, News & Analysis

ChipMOS TECHNOLOGIES INC., trading under the ticker IMOS, reported a 13.1% increase in revenue for 2020, totaling US$819.5 million, compared to US$724.3 million in 2019. The company's gross profit expanded by 28.2% to US$179.2 million. Despite this growth, net earnings decreased to US$0.12 per share from US$0.13 the previous year. ChipMOS generated US$55.5 million in free cash flow and ended the year with US$146.5 million in cash. A NT$2.2 per share distribution is pending approval.

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported record revenue of NT$1,957.4 million (US$70.2 million) for February 2021, reflecting a 3.7% increase year-over-year. However, this represents a 9.5% decrease compared to January 2021. The company attributes the revenue growth to strong demand and fully utilized high-end testing lines. The revenue figures were based on an exchange rate of NT$27.87 to US$1.00 as of February 26, 2021. ChipMOS continues to provide outsourced semiconductor assembly and test services from its facilities in Taiwan.

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) will virtually present at the 2021 BAML Asia Pacific Telecom, Media & Technology Conference from March 17-19, 2021. Senior Vice President Jesse Huang will discuss financial results, business trends, and growth opportunities. The investor update is accessible on the company’s website. ChipMOS is a leading provider of outsourced semiconductor assembly and testing services, with facilities in Taiwan. The press release contains forward-looking statements about the company's future operations and potential impacts of COVID-19.

ChipMOS Technologies Inc. (NASDAQ: IMOS) will hold a conference call on March 16, 2021, to discuss its fourth quarter and full year 2020 results. The results will be reported after market close on the Taiwan Stock Exchange. The call is scheduled for 3:00 PM Taiwan time (3:00 AM New York time) and will be accessible via dial-in and webcast. An English translation of the call will be available later on the company’s website to enhance transparency and comprehension of financial results.

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported record unaudited consolidated revenue of NT$2,163.3 million (US$77.2 million) for January 2021, marking a significant 24.9% year-over-year increase. This performance is attributed to strong demand in its memory and assembly sectors, particularly from DDIC products. However, there was a slight 1.2% decrease compared to December 2020. The company is enhancing its capacity and automation to meet rising customer demands while maintaining production during the upcoming Lunar holiday.

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported a significant revenue growth for December 2020 and the fourth quarter. December revenues reached NT$2,190.6 million (US$78.0 million), up 20.1% year-over-year, while fourth-quarter revenues totaled NT$6,310.3 million (US$224.7 million), marking a 13.3% annual increase. Full-year revenue for 2020 was NT$23,024.4 million (US$820.9 million), up 13.1% from 2019, the highest since 2014. This growth was driven by strong demand in memory and DDIC markets, with increased utilization across cloud infrastructure, gaming, and mobile sectors.

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced a record revenue of NT$2,051 million (US$71.8 million) for November 2020, achieving a 6-year high for the month. This revenue reflects a slight decrease of 0.9% compared to October 2020, but marks a significant increase of 10.9% year-over-year from November 2019. The revenue growth is attributed to strong demand for TDDI from new smartphones and increased memory requirements, showcasing favorable market conditions and high utilization levels.

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported unaudited consolidated revenue of NT$2,068.7 million (US$72.4 million) for October 2020, marking a 9.0% increase from September 2020 and an 8.9% increase year-over-year. This revenue level is a record monthly high, driven by rising demand in memory and DDIC sectors, particularly in smart mobile, consumer, and stability in computing, automotive, and industrial markets.

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported a revenue increase of 5.3% for the third quarter of 2020, totaling NT$5,686.1 million (US$196.4 million), marking a six-year quarterly revenue high. The company reported net earnings of NT$423.4 million (US$14.6 million), down from the previous quarter's NT$544.9 million. Free cash flow reached US$45.9 million for the first nine months of 2020. Cash and cash equivalents stood at US$165.4 million as of September 30, 2020.