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ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) is a renowned provider of comprehensive outsourced semiconductor assembly and test services (OSAT). Established in Taiwan, ChipMOS has cemented its position as a leading player in the semiconductor industry by offering high-quality testing and packaging solutions tailored for fabless companies, integrated device manufacturers, and independent semiconductor foundries.
With advanced facilities located in Hsinchu Science Park, Hsinchu Industrial Park, and Southern Taiwan Science Park, ChipMOS excels in providing end-to-end assembly and testing services. The company's core segments include Testing, Assembly, Testing, and Assembly for LCD, OLED, and other Display Panel Driver Semiconductors (LCDD), Bumping, and others.
Recent financial performance highlights ChipMOS's robust growth trajectory. In January 2024, the company reported an unaudited consolidated revenue of NT$1,708.5 million (US$54.6 million), reflecting a 28.4% year-over-year increase. This growth is primarily driven by improved inventory stabilization and demand recovery in its memory products, countering broader market softness due to conservative order patterns and inventory management.
For the fourth quarter of 2023, ChipMOS's revenue stood at NT$5,725.4 million (US$187.0 million), marking a 2.6% increase from the previous quarter and a 22.2% rise from the same period in 2022. The fiscal year 2023, however, saw a revenue decline of 9.2%, totaling NT$21,356.2 million (US$697.5 million), compared to the previous year.
Notably, ChipMOS continues to benefit from the memory segment's recovery, with February 2024 revenue increasing 23.6% year-over-year to NT$1,777.1 million (US$56.2 million). The company's commitment to innovation and excellence is evident in its consistent performance, with March 2024 revenue reaching NT$1,933.2 million (US$60.5 million), an 8.8% increase from February 2024.
ChipMOS's strategic focus on high-integration and high-precision integrated circuits positions it favorably in the semiconductor industry. The company has a strong presence in Taiwan, Japan, the People's Republic of China, Singapore, and other regions, with the majority of its revenue derived from Taiwan.
The company's financial stability is underscored by its net profit attributable to equity holders for the first quarter of 2024, amounting to NT$437.8 million (US$13.7 million), and its robust cash position with NT$12,354.0 million (US$403.5 million) in cash and cash equivalents as of December 31, 2023.
ChipMOS's unwavering commitment to innovation, quality, and customer satisfaction ensures its continued success and leadership in the semiconductor assembly and testing industry.
ChipMOS Technologies Inc. (NASDAQ: IMOS) has announced it will report its first quarter 2023 financial results on May 4, 2023, after the market closes. A conference call will be held at 3:00 PM Taiwan time (3:00 AM New York time) for investors and analysts. Participants can join using the provided dial-in number. A webcast and replay will also be accessible on the company’s website. ChipMOS, recognized as a leading provider of outsourced semiconductor assembly and test services, operates advanced facilities in Taiwan and serves global semiconductor companies. A transcript of the call will be available in English post-event to enhance transparency.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported its unaudited revenue for March 2023 and Q1 2023. March 2023 revenue was NT$1,837.7 million (US$60.3 million), a 27.9% increase from February but a 22.0% decrease from March 2022. Q1 2023 revenue totaled NT$4,605.1 million (US$151.1 million), down 1.7% from Q4 2022 and 31.5% year-over-year. The company attributes Q1's decline to fewer working days and seasonal trends. Despite the overall decline, the month of March marks the second consecutive month of revenue growth, driven by increased demand for LCD drivers amid industry-wide inventory adjustments.
ChipMOS TECHNOLOGIES INC. reported its February 2023 unaudited consolidated revenue of NT$1,437.3 million (or US$46.8 million), marking an increase of 8.1% from January 2023. However, this reflects a significant 31.5% decrease compared to February 2022. This month-to-month growth is the first since June 2022. The company continues to face macroeconomic challenges and is working on inventory adjustments with clients.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced it will present at the 2023 BAML APAC TMT Conference on March 15, 2023, at Grand Hyatt Taipei. Management, including Senior VP Jesse Huang, will discuss recent financial results and growth opportunities. Investors can access the presentation on the company's website. ChipMOS specializes in outsourced semiconductor assembly and test services, serving fabless semiconductor companies and integrated device manufacturers from its advanced facilities in Taiwan. The company emphasizes its innovation and strong market presence in the semiconductor industry.
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