ChipMOS REPORTS 2.8% MoM INCREASE IN NOVEMBER 2024 REVENUE, DOWN 2.1% YoY

Rhea-AI Summary

ChipMOS Technologies (NASDAQ: IMOS) reported its November 2024 revenue of NT$1,834.6 million (US$56.4 million), showing a 2.8% increase from October 2024 but a 2.1% decrease from November 2023. The company, which provides outsourced semiconductor assembly and test services (OSAT), attributed the monthly growth to stabilization in memory and continued normalization in customer inventory levels.

Positive

• Monthly revenue increased 2.8% from October 2024
• Memory business showing stabilization
• Customer inventory levels normalizing

Negative

• Year-over-year revenue declined 2.1%

HSINCHU, Dec. 10, 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 November 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.50 to US$1.00 as of November 29, 2024.

Revenue for the month of November 2024 was NT$1,834.6 million or US$56.4 million, representing an increase of 2.8% from October 2024, and a decrease of 2.1% from November 2023. The Company noted growth was led by a further stabilization in memory and a continued normalization in customer inventory levels.

Consolidated Monthly Revenues (Unaudited)
	November 2024	October 2024	November 2023	MoM Change	YoY Change
Revenues    (NT$ million)	1,834.6	1,784.9	1,873.9	2.8 %	-2.1 %
Revenues    (US$ million)	56.4	54.9	57.7	2.8 %	-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 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

 

View original content:https://www.prnewswire.com/news-releases/chipmos-reports-2-8-mom-increase-in-november-2024-revenue-down-2-1-yoy-302326864.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS (IMOS) revenue in November 2024?

ChipMOS reported revenue of NT$1,834.6 million (US$56.4 million) in November 2024.

How did ChipMOS (IMOS) revenue change month-over-month in November 2024?

ChipMOS revenue increased by 2.8% from October 2024 to November 2024.

What factors drove ChipMOS (IMOS) revenue growth in November 2024?

Growth was driven by stabilization in memory and continued normalization in customer inventory levels.

How did ChipMOS (IMOS) November 2024 revenue compare to November 2023?

November 2024 revenue decreased by 2.1% compared to November 2023.