ChipMOS TECHNOLOGIES INC. reports recurring revenue, financial-result and investor-communication updates for its outsourced semiconductor assembly and test business. The company provides end-to-end assembly and test services from facilities in Taiwan to fabless semiconductor companies, integrated device manufacturers and independent foundries serving global end markets.
Recurring news themes include unaudited monthly and quarterly revenue, annual and quarterly results prepared under Taiwan-IFRS, demand commentary for high-value memory solutions used in data center and AI applications, and capacity-related business trends. Updates also cover investor conference participation, conference-call scheduling and shareholder-meeting matters tied to its Taiwan listing and Nasdaq-traded depositary security.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) will present at the 21st Credit Suisse Asian Technology Conference, scheduled virtually from September 9 to September 11, 2020. Management, including Jesse Huang, will engage with institutional investors to discuss recent financial results and growth opportunities. ChipMOS, a leading provider of outsourced semiconductor assembly and test services, operates extensively in Taiwan's science parks, serving a diverse clientele of semiconductor companies. For additional details, the latest investor update can be found on their website.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported strong financial results for Q2 2020. Revenue grew by 10.7% year-over-year to NT$5,428.1 million (US$184.4 million). Gross profit surged by 34.1%, while net profit attributable to equity holders decreased to NT$544.9 million (US$18.5 million), down from NT$712.7 million in Q1 2020. The company reduced net debt by US$49.9 million to US$144.1 million, with a cash balance of US$189.3 million. Cash dividends of NT$1.8 per share were distributed on July 31, 2020, highlighting a strong financial position amidst industry challenges.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported a six-year high in consolidated revenue for July 2020, totaling NT$1,886.6 million (US$64.3 million). This reflects an 8.6% increase year-over-year and a 5.7% month-over-month rise. Growth is driven by demand in memory products, particularly Commodity DRAM and NOR flash, fueled by cloud storage and gaming market needs. The results showcase ChipMOS's strong position in the outsourced semiconductor assembly and test services market.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced it will report its second-quarter 2020 financial results on August 11, 2020, after trading closes on the Taiwan Stock Exchange and before NASDAQ opens. The management will host two conference calls for investors, the first in Mandarin at 4 PM Taiwan time, and the second in English at 8 PM Taiwan time. Investors can access the live calls and replays via the company's website.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported its unaudited consolidated revenue for June 2020 and Q2 2020. Q2 revenue reached NT$5,428.1 million (US$184.4 million), marking a 10.7% increase year-over-year but a 2.8% decline from Q1 2020. June revenue was NT$1,784.5 million (US$60.6 million), up 9.0% from June 2019 but down 0.3% from May 2020. The company noted high demand for DRAM and NOR flash due to growth in cloud storage, 5G networks, and gaming, despite ongoing challenges in the smartphone and TV sectors.