Welcome to our dedicated page for ChipMOS TECHNOLOGIES news (Ticker: IMOS), a resource for investors and traders seeking the latest updates and insights on ChipMOS TECHNOLOGIES stock.
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. has announced that its shareholders approved a cash dividend of NT$4.30 (approximately US$2.92) per common share during the AGM on May 26, 2022. The dividend, previously resolved by the Board on February 24, 2022, will be distributed from earnings, with key dates including an ex-dividend date of June 29, 2022 and a distribution date for American Depositary Shares (ADRs) on July 27, 2022. This reflects the company's confidence in its financial position as it continues providing semiconductor assembly and test services.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced its participation at the 2022 Citi Regional Tech Conference, scheduled from May 18-20, 2022. The presentation will be led by Jesse Huang, Senior Vice President of Strategy and Investor Relations, who will cover recent financial results, business trends, and growth opportunities. Investors can access the latest updates on the Company's website. ChipMOS is a leading provider of outsourced semiconductor assembly and test services, operating advanced facilities in Taiwan.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported its consolidated revenue for April 2022 at NT$2,344.2 million (US$79.7 million), reflecting a 2.7% year-over-year increase but a slight 0.5% decrease from March 2022. The company attributes this performance to strong customer demand in its memory and DDIC sectors, despite one fewer workday in April. The ongoing utilization of high-end test platforms played a crucial role in maintaining revenue levels amidst minor fluctuations.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported a 4% revenue increase in 1Q22, totaling NT$6,725.2 million (US$235 million), compared to 1Q21. Despite global inflation, gross margins rose 80 basis points to 25%. Net earnings jumped 27% to NT$1,224.7 million (US$42.8 million), with earnings per basic share at NT$1.68 (US$0.06). Free cash flow reached US$53.7 million, with cash reserves growing to US$219.7 million. A dividend of NT$4.3 per share is pending shareholder approval at the May 2022 AGM.
ChipMOS TECHNOLOGIES INC. will report its first quarter 2022 financial results on May 5, 2022. A conference call will be held at 3:00 PM Taiwan time (3:00 AM New York time) where investors and analysts can participate. The call will be accessible via dial-in and a live webcast available on the company's website. Following the call, a transcript in English will be provided to enhance transparency. ChipMOS specializes in outsourced semiconductor assembly and test services, serving customers across various sectors.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported unaudited consolidated revenue for March 2022 and Q1 2022. The company's Q1 revenue was NT$6,725.2 million (US$235.0 million), down 1.0% from Q4 2021 but up 4.0% year-over-year. March 2022 revenue reached NT$2,355.3 million (US$82.3 million), reflecting a 12.3% month-over-month increase and a 0.5% year-over-year rise. The company attributes its strong performance to full utilization of high-end testing capacity despite the typical seasonal slowdown during the quarter.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported record revenue of NT$2,096.9 million (US$74.8 million) for February 2022, marking a 7.1% increase year-over-year but a 7.7% decline month-over-month. The revenue reflects favorable supply and demand dynamics and stable higher utilization across its DDIC high-end test platform. This strong performance highlights ChipMOS's position as a leading provider of outsourced semiconductor assembly and test services, despite a decrease from the previous month.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) will present virtually at the 2022 BAML Asia Pacific Telecom, Media & Technology Conference from March 14 to March 18, 2022. Jesse Huang, Senior VP of Strategy and Investor Relations, will discuss financial results, business trends, and growth opportunities. Investors can access updates on ChipMOS's performance via their investor relations section at www.chipmos.com. ChipMOS specializes in outsourced semiconductor assembly and test services, serving various clients in the semiconductor industry.
ChipMOS TECHNOLOGIES INC. reported a record full-year 2021 performance with revenue of US$987.7 million, a 19% increase from 2020, and net earnings of US$182.4 million. Gross profit expanded 44% to US$261.5 million, resulting in a gross margin of 26.5%. Free cash flow for the year was US$34.5 million, with a cash balance of US$212.9 million at year-end. The board has proposed a NT$4.3 per share distribution pending shareholder approval at the May 2022 AGM.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced it will report its fourth quarter and full year 2021 financial results on February 24, 2022. A conference call will be held at 3:00 PM Taiwan time (2:00 AM New York time), allowing investors and analysts to participate via a dial-in number. A live webcast and replay will also be available on the Company's website. The call will be conducted in Mandarin, with an English transcript provided afterwards to enhance transparency and understanding of financial results.
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