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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) 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.
ChipMOS TECHNOLOGIES INC., trading under the symbol IMOS, reported a significant decline in financial performance for the fiscal year 2022. Revenue dropped to
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported January 2023 revenue of NT$1,330.2 million (US$44.3 million), marking a 14.4% decline from December 2022 and a significant 41.5% drop compared to January 2022. The company attributes this decline to ongoing macroeconomic challenges, customer inventory adjustments, and fewer working days due to the Lunar New Year holiday. Despite these challenges, ChipMOS believes it is well-positioned for recovery, citing stronger exposure to non-consumer segments, prior improvements in operational efficiency, and a solid balance sheet.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced its plan to report fourth quarter and full year 2022 financial results on February 23, 2023. The conference call will occur at 3:00 PM Taiwan time (2:00 AM New York time). Investors can join via a specified dial-in number or through a webcast available on the company's website. A transcript will be provided post-call in English. ChipMOS is a leading provider of outsourced semiconductor assembly and test services, operating from advanced facilities in Taiwan, serving a diverse global market.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported its unaudited consolidated revenue for December 2022 and Q4 2022. Q4 revenue was NT$4,686.2 million (US$152.5 million), down 10.8% QoQ and 31.0% YoY. December revenue totaled NT$1,553.8 million (US$50.6 million), a 0.3% decrease MoM and a 31.4% decline YoY. The company attributed these declines to market conditions and inventory adjustments by customers. To offset the impact, ChipMOS implemented cost control measures, including reduced capital expenditures and increased automation.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) will present virtually at the Credit Suisse 2023 Greater China Technology and Internet Conference from January 4 to January 6, 2023. Senior VP Jesse Huang will discuss the Company’s recent financial results and market opportunities. The investor update can be accessed on their website. ChipMOS provides outsourced semiconductor assembly and test services, with facilities in Taiwan, serving multiple end markets globally. More information on their forward-looking statements and risks can be found in their SEC filings.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported a November 2022 revenue of NT$1,558.3 million (US$50.4 million), down 1.0% from October 2022 and 30.3% year-over-year. The declines reflect broader macroeconomic conditions, including inventory adjustments by customers due to fluctuating end-market demand. In response, ChipMOS has implemented strategies to offset impacts through reduced capital expenditures, efficiency initiatives, and operating expense cuts.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported unaudited consolidated revenue of NT$1,574.0 million (US$48.8 million) for October 2022, marking a 1.1% decrease from September and a significant 31.2% decline year-over-year from October 2021. The company acknowledged ongoing industry challenges, including broader end market conditions and inventory adjustments affecting demand levels. Despite these challenges, ChipMOS maintains a robust balance sheet and long-term business catalysts.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported its consolidated financial results for Q3 2022, showing significant declines due to global inflation, inventory adjustments, and macro weakness. Revenue dropped to US$165.3 million, down 23.3% from Q2 2022 and 26.6% year-over-year. Gross margin decreased to 15.5% from 25.4% in the previous year. Net earnings fell to US$0.58 per basic ADS, down from US$1.14 in Q2 2022. However, the company maintained a strong cash position with US$235.0 million in cash and equivalents.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) will report its third quarter 2022 financial results on November 3, 2022, after the Taiwan Stock Exchange closes. A conference call will follow at 3:00 PM Taiwan time (3:00 AM New York time) where investors can listen in by dialing +886-2-21928016 with the password 588338. A live webcast will also be available on the company's website. A transcript will be provided in English post-call for better understanding of the financial results and operating environment.
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