ChipMOS Jan. 2024 Revenue Jumps 28.4% YoY

TL;DR

**ChipMOS's January revenue surged 28.4% year-over-year, signaling strong business momentum.**

AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported a significant 28.4% year-over-year increase in unaudited consolidated revenue for January 2024, as announced on February 7, 2024. This positive revenue growth, signed by Chairman & President S. J. Cheng, indicates strong demand for their outsourced semiconductor assembly and test services. For investors, this matters because it suggests a potential recovery or robust performance in the semiconductor sector, which could lead to improved financial results and stock performance for ChipMOS.

Why It Matters

This substantial revenue increase suggests strong demand for ChipMOS's semiconductor services, which could translate into higher profits and a stronger stock price for investors.

Risk Assessment

Risk Level: low — The filing reports positive revenue growth, which generally indicates reduced business risk and improved financial health.

Analyst Insight

A smart investor would consider this strong revenue growth as a positive indicator and might research further into ChipMOS's market position and future outlook, potentially increasing their position or initiating a new one.

Key Numbers

• 28.4% — Year-over-year revenue increase (Represents the growth in unaudited consolidated revenue for January 2024 compared to January 2023.)
• January 2024 — Reporting period (The specific month for which the revenue increase is reported.)
• February 7, 2024 — Filing date (The date the 6-K report was filed and the revenue announcement was made.)

Key Players & Entities

• ChipMOS TECHNOLOGIES INC. (company) — the registrant reporting revenue
• S. J. Cheng (person) — Chairman & President who signed the report
• Jesse Huang (person) — ChipMOS contact in Taiwan
• David Pasquale (person) — Global IR Partners contact in the U.S.

Forward-Looking Statements

• ChipMOS will report strong Q1 2024 earnings, driven by the positive January revenue trend. (ChipMOS TECHNOLOGIES INC.) — medium confidence, target: April 2024
• The semiconductor industry is experiencing a recovery in demand, benefiting OSAT providers like ChipMOS. (Semiconductor Industry) — high confidence, target: Mid-2024

FAQ

Key Financial Figures

• $31.29 — ase are based on the exchange rate of NT$31.29 to US$1.00 as of January 31, 2024. Re
• $1.00 — d on the exchange rate of NT$31.29 to US$1.00 as of January 31, 2024. Revenue for t
• $1,708.5 million — nue for the month of January 2024 was NT$1,708.5 million or US$54.6 million, representing a decr
• $54.6 m — anuary 2024 was NT$1,708.5 million or US$54.6 million, representing a decrease of 9.2%

Filing Documents

• imos-6-k-202401revenue.htm (6-K) — 36KB
• img41432061_0.jpg (GRAPHIC) — 102KB
• 0000950170-24-011935.txt ( ) — 177KB

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: February 7, 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 28.4% INCREASE IN JANUARY 2024 REVENUE YEAR OVER YEAR Hsinchu, Taiwan, February 7, 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 January 2024 increased 28.4% on a year over year basis. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.29 to US$1.00 as of January 31, 2024. Revenue for the month of January 2024 was NT$1,708.5 million or US$54.6 million, representing a decrease of 9.2% from December 2023, and an increase of 28.4% from January 2023. The Company noted that it is benefitting from continued improved inventory stabilization and demand recovery in its memory products. This strength is helping to offset the ongoing impact of broader market softness due to conservatism in order patterns and end demand related inventory management. Consolidated Monthly Revenues (Unaudited) January 2024 December 2023 January 2023 MoM Change YoY Change Revenues (NT$ million) 1,708.5 1,881.5 1,330.2 -9.2% 28.4% Revenues (US$ million) 54.6 60.1 42.5 -9.2% 28.4% About ChipMOS TECHNOLOGIES INC.: ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company&#

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