ChipMOS Reports Strong 22.2% YoY 4Q23 Revenue Growth

TL;DR

**ChipMOS just crushed Q4 revenue, up 22.2% YoY!**

AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced on January 10, 2024, a significant 22.2% year-over-year increase in its fourth-quarter 2023 revenue and a 21.1% year-over-year increase in December 2023 revenue. This positive revenue growth, reported by Chairman & President S. J. Cheng, indicates strong demand for their outsourced semiconductor assembly and test services. For investors, this suggests improving financial performance and potentially a more optimistic outlook for the company's stock.

Why It Matters

This filing signals robust demand for ChipMOS's semiconductor services, which could lead to improved profitability and a higher stock valuation for investors.

Risk Assessment

Risk Level: low — The filing reports positive revenue growth, indicating a favorable business trend with no immediate negative risks disclosed.

Analyst Insight

A smart investor would view this as a positive indicator, potentially considering further research into ChipMOS's profitability and future guidance, given the strong revenue growth reported for 4Q23 and December 2023.

Key Numbers

• 22.2% — Year-over-year increase in 4Q23 revenue (Indicates strong quarterly financial performance for ChipMOS.)
• 21.1% — Year-over-year increase in December 2023 revenue (Shows continued positive momentum in monthly revenue for ChipMOS.)

Key Players & Entities

• ChipMOS TECHNOLOGIES INC. (company) — the registrant and OSAT provider
• S. J. Cheng (person) — Chairman & President of ChipMOS
• Jesse Huang (person) — IR contact in Taiwan for ChipMOS
• David Pasquale (person) — IR contact in the U.S. for ChipMOS via Global IR Partners

Forward-Looking Statements

• ChipMOS will likely report strong Q4 2023 earnings per share, driven by the significant revenue growth. (ChipMOS TECHNOLOGIES INC.) — medium confidence, target: Next earnings report
• The positive revenue trend suggests continued demand for semiconductor assembly and test services in early 2024. (Semiconductor industry) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $30.62 — ase are based on the exchange rate of NT$30.62 to US$1.00 as of December 29, 2023. R
• $1.00 — d on the exchange rate of NT$30.62 to US$1.00 as of December 29, 2023. Revenue for
• $5,725.4 million — 2% from the fourth quarter of 2022 to NT$5,725.4 million or US$187.0 million, representing an in
• $187.0 m — rter of 2022 to NT$5,725.4 million or US$187.0 million, representing an increase of 2.6%
• $1,881.5 million — ue for the month of December 2023 was NT$1,881.5 million or US$61.4 million, representing an inc
• $61.4 m — cember 2023 was NT$1,881.5 million or US$61.4 million, representing an increase of 0.4%

Filing Documents

• imos-6-k-202312revenue.htm (6-K) — 43KB
• img173301438_0.jpg (GRAPHIC) — 102KB
• 0000950170-24-003508.txt ( ) — 184KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ChipMOS TECHNOLOGIES INC. (Registrant) Date: January 10, 2024 By /S/ S. J. Cheng Name: S. J. Cheng Title: Chairman & President 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 ChipMOS REPORTS 22.2% YoY INCREASE IN 4Q23 REVENUE AND 21.1% YoY INCREASE IN DECEMBER 2023 REVENUE Hsinchu, Taiwan, January 10, 2024 - 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 December 2023 and for the fourth quarter ended December 31, 2023. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.62 to US$1.00 as of December 29, 2023. Revenue for the fourth quarter of 2023 increased 22.2% from the fourth quarter of 2022 to NT$5,725.4 million or US$187.0 million, representing an increase of 2.6% from the third quarter of 2023. The Company noted revenue growth in the fourth quarter of 2023, both year over year and quarter over quarter, was led by improvements across the broader memory industry. Revenue for the month of December 2023 was NT$1,881.5 million or US$61.4 million, representing an increase of 0.4% from November 2023, and an increase of 21.1% from December 2022. Consolidated Monthly Revenues (Unaudited) December 2023 November 2023 December 2022 MoM Change YoY Change Revenues (NT$ million) 1,881.5 1,873.9 1,553.8 0.4% 21.1% Revenues (US$ million) 61.4 61.2 50.7 0.4% 21.1%

Forward-Looking Statements

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.

View Full Filing

View this 6-K filing on SEC EDGAR