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ChipMOS REPORTS 12.4% YoY GROWTH IN JULY 2024 REVENUE, UP 7.6% MoM

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ChipMOS Technologies Inc. (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry-leading outsourced semiconductor assembly and test services provider, reported strong financial results for July 2024. The company's unaudited consolidated revenue reached NT$2,063.4 million (US$63.1 million), marking a 7.6% increase from June 2024 and a 12.4% year-over-year growth compared to July 2023.

The impressive performance was primarily driven by continued healthy demand for display driver ICs (DDIC) and improvements in broader inventory levels. This growth trend indicates positive momentum in ChipMOS's core business segments and reflects the company's strong position in the semiconductor industry.

ChipMOS Technologies Inc. (Borsa di Taiwan: 8150 e Nasdaq: IMOS), un fornitore leader nel settore dei servizi di assemblaggio e test di semiconduttori esternalizzati, ha riportato solidi risultati finanziari per luglio 2024. I ricavi consolidati non certificati dell'azienda hanno raggiunto NT$2.063,4 milioni (US$63,1 milioni), segnando un incremento del 7,6% rispetto a giugno 2024 e una crescita del 12,4% rispetto a luglio 2023.

Questa performance impressionante è stata principalmente sostenuta da una domanda costante e sana per i circuiti integrati driver per display (DDIC) e da miglioramenti nei livelli di inventario più ampi. Questa tendenza alla crescita indica un momento positivo nei segmenti principali di business di ChipMOS e riflette la forte posizione dell'azienda nell'industria dei semiconduttori.

ChipMOS Technologies Inc. (Bolsa de Taiwán: 8150 y Nasdaq: IMOS), un proveedor líder en servicios externalizados de ensamblaje y prueba de semiconductores, reportó sólidos resultados financieros para julio de 2024. Los ingresos consolidados no auditados de la compañía alcanzaron NT$2,063.4 millones (US$63.1 millones), marcando un incremento del 7.6% respecto a junio de 2024 y un crecimiento del 12.4% interanual en comparación con julio de 2023.

Este rendimiento impresionante fue impulsado principalmente por una demanda continua y saludable de circuitos integrados para controladores de pantalla (DDIC) y mejoras en los niveles de inventario más amplios. Esta tendencia de crecimiento indica un impulso positivo en los segmentos centrales del negocio de ChipMOS y refleja la sólida posición de la empresa en la industria de semiconductores.

ChipMOS Technologies Inc. (타이완 증권 거래소: 8150, 나스닥: IMOS)는 반도체 조립 및 테스트 서비스 아웃소싱 제공업체로서 2024년 7월 강력한 재무 결과를 보고했습니다. 회사의 감사되지 않은 연결 매출은 NT$2,063.4백만 (US$63.1백만)에 도달하며, 이는 2024년 6월 대비 7.6% 증가하고 2023년 7월과 비교할 때 12.4% 증가한 수치입니다.

이 인상적인 성과는 주로 디스플레이 드라이버 IC(DDIC)에 대한 지속적인 건전한 수요와 더 넓은 재고 수준의 개선에 의해 주도되었습니다. 이러한 성장 추세는 ChipMOS의 핵심 사업 부문에서 긍정적인 모멘텀을 나타내며 반도체 산업 내에서 회사의 강력한 위치를 반영합니다.

ChipMOS Technologies Inc. (Bourse de Taïwan : 8150 et Nasdaq : IMOS), un fournisseur leader de services d'assemblage et de test de semi-conducteurs externalisés, a annoncé de solides résultats financiers pour juillet 2024. Le chiffre d'affaires consolidé non audité de l'entreprise a atteint NT$2,063.4 millions (63,1 millions de dollars US), marquant une augmentation de 7,6% par rapport à juin 2024 et une croissance de 12,4% par rapport à juillet 2023.

Cette performance impressionnante a été principalement soutenue par une demande continue et saine pour les circuits intégrés de pilotes d'affichage (DDIC) et des améliorations des niveaux de stocks plus larges. Cette tendance de croissance indique une dynamique positive dans les segments d'activité principaux de ChipMOS et reflète la forte position de l'entreprise dans l'industrie des semi-conducteurs.

ChipMOS Technologies Inc. (Taiwan Stock Exchange: 8150 und Nasdaq: IMOS), ein führender Anbieter von ausgelagerten Halbleiter- Montageservice und Testdienstleistungen, meldete für Juli 2024 starke finanzielle Ergebnisse. Der nicht testierte konsolidierte Umsatz des Unternehmens erreichte NT$2.063,4 Millionen (US$63,1 Millionen) und verzeichnete einen Anstieg um 7,6% im Vergleich zu Juni 2024 sowie ein Wachstum von 12,4% im Vergleich zum Juli 2023.

Diese beeindruckende Leistung wurde hauptsächlich durch die anhaltende gesunde Nachfrage nach Display-Treiber-ICs (DDIC) und Verbesserungen in den breiteren Bestandsniveaus angetrieben. Dieser Wachstumstrend zeigt eine positive Dynamik in den Hauptgeschäftsbereichen von ChipMOS und spiegelt die starke Position des Unternehmens in der Halbleiterindustrie wider.

Positive
  • Revenue increased by 12.4% year-over-year to NT$2,063.4 million (US$63.1 million)
  • Month-over-month revenue growth of 7.6% from June 2024
  • Strong demand for display driver ICs (DDIC) contributing to growth
  • Improvements and stabilization in broader inventory levels
Negative
  • None.

ChipMOS's July 2024 revenue report shows strong growth, with a 12.4% year-over-year increase and a 7.6% month-over-month rise. The company's revenue reached NT$2,063.4 million (US$63.1 million), indicating robust demand in the semiconductor industry.

The growth is primarily attributed to healthy DDIC (Display Driver IC) demand and improved inventory levels across the sector. This suggests a potential recovery in the broader semiconductor market, which could positively impact ChipMOS's future performance.

Investors should note that while this monthly report is positive, it's important to monitor longer-term trends and the company's ability to sustain this growth. The semiconductor industry is cyclical and current improvements may indicate the beginning of an upswing in the market cycle.

The 12.4% YoY revenue growth for ChipMOS is a strong indicator of market recovery in the semiconductor sector. This outpaces the industry's average growth rate, suggesting ChipMOS is gaining market share or benefiting from specific product demands.

The mention of healthy DDIC demand is particularly noteworthy. This could be driven by increased production of smartphones, tablets and other display-intensive devices. It's essential to monitor consumer electronics trends as they directly impact ChipMOS's performance.

The improvement in broader inventory levels indicates a normalization of supply chains, which were disrupted in recent years. This could lead to more predictable ordering patterns and potentially improved margins for OSAT providers like ChipMOS.

The strong performance in DDIC demand highlights the growing importance of display technologies across various devices. As we see advancements in areas like foldable screens, high-refresh-rate displays and AR/VR headsets, companies like ChipMOS that specialize in related components are well-positioned to benefit.

The stabilization of inventory levels is important for the tech supply chain. It suggests that the chip shortage issues that plagued the industry in recent years are easing. This could lead to more consistent production schedules and potentially lower costs for end-product manufacturers.

Looking ahead, investors should watch for ChipMOS's ability to capitalize on emerging tech trends, such as AI-driven devices and IoT, which could drive demand for more sophisticated semiconductor solutions.

HSINCHU, Aug. 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 July 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.69 to US$1.00 as of July 31, 2024.

Revenue for the month of July 2024 was NT$2,063.4 million or US$63.1 million, representing an increase of 7.6% from June 2024, and an increase of 12.4% from July 2023. The Company noted growth was led by the continued healthy DDIC demand, and further improvements and stabilization in broader inventory levels.

Consolidated Monthly Revenues (Unaudited)


July 2024

 June 2024

July 2023

MoM Change

YoY Change

Revenues

   (NT$ million)

2,063.4

1,917.7

1,836.2

7.6 %

12.4 %

Revenues

   (US$ million)

63.1

58.7

56.2

7.6 %

12.4 %

 

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 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

 

Cision View original content:https://www.prnewswire.com/news-releases/chipmos-reports-12-4-yoy-growth-in-july-2024-revenue-up-7-6-mom-302218606.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS Technologies' (IMOS) revenue for July 2024?

ChipMOS Technologies (IMOS) reported revenue of NT$2,063.4 million or US$63.1 million for July 2024.

How much did ChipMOS Technologies' (IMOS) revenue grow year-over-year in July 2024?

ChipMOS Technologies (IMOS) reported a 12.4% year-over-year revenue growth in July 2024 compared to July 2023.

What factors contributed to ChipMOS Technologies' (IMOS) revenue growth in July 2024?

ChipMOS Technologies' (IMOS) revenue growth in July 2024 was led by continued healthy demand for display driver ICs (DDIC) and improvements in broader inventory levels.

How did ChipMOS Technologies' (IMOS) July 2024 revenue compare to June 2024?

ChipMOS Technologies' (IMOS) July 2024 revenue increased by 7.6% compared to June 2024.

ChipMOS TECHNOLOGIES INC

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